McDonald’s Corporation $MCD Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lessened its position in McDonald’s Corporation (NYSE:MCD) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,707 shares of the fast-food giant’s stock after selling 1,794 shares during the quarter. McDonald’s makes up 1.3% of Cullinan Associates Inc.’s investment portfolio, making the stock its 18th largest holding. Cullinan Associates Inc.’s holdings in McDonald’s were worth $19,490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCD. Brighton Jones LLC lifted its position in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares during the period. Quotient Wealth Partners LLC lifted its holdings in McDonald’s by 10.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock worth $817,000 after buying an additional 258 shares in the last quarter. First Affirmative Financial Network purchased a new position in McDonald’s in the 1st quarter valued at approximately $250,000. Finally, Sivia Capital Partners LLC grew its stake in shares of McDonald’s by 4.1% in the first quarter. Sivia Capital Partners LLC now owns 1,811 shares of the fast-food giant’s stock worth $566,000 after acquiring an additional 72 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock worth $2,273,407 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.3%

Shares of NYSE MCD opened at $300.72 on Monday. The stock has a market cap of $214.59 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.07 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a 50 day moving average of $306.93 and a two-hundred day moving average of $306.15.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the company posted $2.97 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MCD. KeyCorp reiterated an “overweight” rating and issued a $335.00 price objective (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Bank of America lowered their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Redburn Atlantic restated a “sell” rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Stifel Nicolaus boosted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a report on Saturday, September 27th. Twelve analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and an average price target of $325.86.

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.