Westover Capital Advisors LLC Has $814,000 Holdings in McDonald’s Co. (NYSE:MCD)

Westover Capital Advisors LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 60.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,196 shares of the fast-food giant’s stock after selling 4,881 shares during the quarter. Westover Capital Advisors LLC’s holdings in McDonald’s were worth $814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its stake in McDonald’s by 20.7% during the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after purchasing an additional 753 shares during the period. Aveo Capital Partners LLC raised its holdings in shares of McDonald’s by 14.5% in the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after buying an additional 240 shares in the last quarter. 9258 Wealth Management LLC lifted its position in shares of McDonald’s by 4.2% during the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after buying an additional 113 shares during the period. Gryphon Financial Partners LLC boosted its stake in McDonald’s by 99.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock valued at $1,722,000 after buying an additional 2,935 shares in the last quarter. Finally, Navellier & Associates Inc. grew its position in McDonald’s by 15.4% in the fourth quarter. Navellier & Associates Inc. now owns 6,348 shares of the fast-food giant’s stock valued at $1,882,000 after acquiring an additional 845 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $296.55 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The stock has a market capitalization of $213.72 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 3.88 and a beta of 0.72. The firm has a fifty day moving average of $272.89 and a two-hundred day moving average of $270.80.

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 178.68%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company posted $3.17 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the 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 sale, 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 SEC, which is available at the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was 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 in the company, valued at $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,291 shares of company stock worth $1,689,073. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MCD. TD Cowen cut McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $285.00 to $280.00 in a report on Wednesday, July 31st. Citigroup lifted their price target on shares of McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. decreased 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. Barclays dropped their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Finally, Bank of America reduced their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $305.37.

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.