B. Metzler seel. Sohn & Co. AG Sells 126,073 Shares of McDonald’s Corporation $MCD

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,407 shares of the fast-food giant’s stock after selling 126,073 shares during the period. McDonald’s accounts for approximately 1.5% of B. Metzler seel. Sohn & Co. AG’s portfolio, making the stock its 17th biggest holding. B. Metzler seel. Sohn & Co. AG owned 0.09% of McDonald’s worth $170,675,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MBA Advisors LLC lifted its position in shares of McDonald’s by 2.1% during the 2nd quarter. MBA Advisors LLC now owns 3,716 shares of the fast-food giant’s stock worth $1,005,000 after purchasing an additional 78 shares during the last quarter. PYA Waltman Capital LLC increased its stake in McDonald’s by 52.0% during the second quarter. PYA Waltman Capital LLC now owns 6,860 shares of the fast-food giant’s stock valued at $1,854,000 after acquiring an additional 2,346 shares during the period. Sunburst Financial Group LLC acquired a new position in shares of McDonald’s in the 2nd quarter valued at $253,000. Natural Investments LLC raised its holdings in shares of McDonald’s by 4.0% in the 2nd quarter. Natural Investments LLC now owns 1,458 shares of the fast-food giant’s stock worth $394,000 after buying an additional 56 shares in the last quarter. Finally, Sound Financial Strategies Group LLC lifted its holdings in shares of McDonald’s by 3.8% during the second quarter. Sound Financial Strategies Group LLC now owns 1,286 shares of the fast-food giant’s stock valued at $348,000 after acquiring an additional 47 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the sale, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. This represents a 30.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the transaction, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,348 shares of company stock valued at $2,355,634 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCD. Wells Fargo & Company decreased their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Guggenheim cut their price objective on McDonald’s from $320.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Evercore set a $320.00 price objective on McDonald’s in a research note on Thursday, July 23rd. TD Cowen restated a “hold” rating on shares of McDonald’s in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lowered their target price on McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $325.44.

McDonald’s Stock Up 0.6%

Shares of MCD traded up $1.73 on Friday, hitting $270.86. The company’s stock had a trading volume of 1,412,055 shares, compared to its average volume of 3,894,468. The firm’s fifty day moving average price is $272.63 and its 200-day moving average price is $293.83. McDonald’s Corporation has a fifty-two week low of $260.96 and a fifty-two week high of $341.75. The firm has a market capitalization of $191.67 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 3.00 and a beta of 0.41.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same period last year, the company earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Corporation will post 12.88 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be paid a $1.86 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 annualized dividend and a yield of 2.7%. McDonald’s’s dividend payout ratio is currently 60.44%.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.