McDonald’s Co. (NYSE:MCD) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. reduced its holdings in McDonald’s Co. (NYSE:MCD) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,314 shares of the fast-food giant’s stock after selling 166 shares during the quarter. First Business Financial Services Inc.’s holdings in McDonald’s were worth $590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s during the first quarter valued at approximately $28,000. Clear Investment Research LLC bought a new position in shares of McDonald’s in the fourth quarter worth about $38,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the second quarter valued at approximately $38,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Accent Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction 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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares in the company, valued at $3,557,060. The disclosure for this sale can be found here. Insiders sold a total of 6,291 shares of company stock valued at $1,689,073 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock traded down $0.38 during trading on Thursday, reaching $287.65. 528,315 shares of the stock traded hands, compared to its average volume of 3,492,504. The business has a fifty day simple moving average of $267.35 and a two-hundred day simple moving average of $270.81. The company has a market capitalization of $207.30 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 3.86 and a beta of 0.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the business posted $3.17 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Tigress Financial upped their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets cut their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $285.00 to $280.00 in a research report on Wednesday, July 31st. Evercore ISI lifted their target price on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Morgan Stanley dropped their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $303.89.

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.