Gemmer Asset Management LLC Sells 65 Shares of McDonald’s Co. (NYSE:MCD)

Gemmer Asset Management LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 5.7% during the first quarter, HoldingsChannel.com reports. The fund owned 1,085 shares of the fast-food giant’s stock after selling 65 shares during the period. Gemmer Asset Management LLC’s holdings in McDonald’s were worth $339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in McDonald’s in the fourth quarter valued at about $25,000. Atala Financial Inc bought a new stake in McDonald’s in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s in the fourth quarter valued at about $27,000. Collier Financial bought a new stake in McDonald’s in the fourth quarter valued at about $29,000. Finally, Pinney & Scofield Inc. bought a new stake in McDonald’s in the fourth quarter valued at about $29,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5%

Shares of MCD stock opened at $307.44 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm’s 50 day moving average is $312.29 and its 200-day moving average is $302.57. The firm has a market capitalization of $219.83 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald’s’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, equities research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. Northcoast Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Barclays boosted their price target on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, KeyCorp boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Thirteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $324.96.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by insiders.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.