McDonald’s Co. (NYSE:MCD) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,936 shares of the fast-food giant’s stock after selling 470 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in McDonald’s were worth $3,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in McDonald’s by 1,168.1% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,419 shares of the fast-food giant’s stock worth $49,938,000 after purchasing an additional 155,138 shares during the period. Gilbert & Cook Inc. raised its stake in shares of McDonald’s by 20.7% during the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after purchasing an additional 753 shares in the last quarter. Brighton Jones LLC raised its stake in shares of McDonald’s by 6.3% during the fourth quarter. Brighton Jones LLC now owns 6,749 shares of the fast-food giant’s stock valued at $2,001,000 after purchasing an additional 397 shares in the last quarter. MONECO Advisors LLC raised its stake in shares of McDonald’s by 31.0% during the fourth quarter. MONECO Advisors LLC now owns 3,917 shares of the fast-food giant’s stock valued at $1,161,000 after purchasing an additional 927 shares in the last quarter. Finally, Savant Capital LLC raised its stake in shares of McDonald’s by 1.2% during the fourth quarter. Savant Capital LLC now owns 38,387 shares of the fast-food giant’s stock valued at $11,382,000 after purchasing an additional 461 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,793 shares of company stock valued at $1,260,106. 0.23% of the stock is owned by corporate insiders.

McDonald’s Trading Up 0.3 %

NYSE:MCD traded up $0.80 on Friday, hitting $288.66. 2,528,549 shares of the company’s stock traded hands, compared to its average volume of 3,519,216. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The firm has a 50-day moving average price of $265.62 and a 200-day moving average price of $271.00. The company has a market cap of $208.03 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm earned $3.17 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s payout ratio is 56.71%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. cut their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Bank of America cut their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Morgan Stanley dropped their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $303.71.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.