McDonald’s Corporation $MCD Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 12.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,421 shares of the fast-food giant’s stock after selling 2,692 shares during the quarter. GAMMA Investing LLC’s holdings in McDonald’s were worth $5,250,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Your Advocates Ltd. LLP acquired a new stake in McDonald’s in the 4th quarter valued at $27,000. IFC & Insurance Marketing Inc. purchased a new position in McDonald’s in the fourth quarter valued at about $29,000. Abound Financial LLC acquired a new position in shares of McDonald’s during the fourth quarter worth about $30,000. DecisionPoint Financial LLC lifted its stake in shares of McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after purchasing an additional 97 shares in the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider directly owned 7,734 shares in the company, valued at approximately $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 worth $2,355,634 over the last 90 days. 0.26% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $268.35 on Wednesday. The business has a 50-day moving average of $274.32 and a 200-day moving average of $297.05. The company has a market capitalization of $190.66 billion, a PE ratio of 22.12, a P/E/G ratio of 2.85 and a beta of 0.41. McDonald’s Corporation has a 1-year low of $260.96 and a 1-year high of $341.75.

McDonald’s (NYSE:MCD) last announced its earnings results 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 442.10% and a net margin of 31.62%.The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same period in the previous year, the company earned $3.19 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Corporation will post 12.85 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 dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st. McDonald’s’s dividend payout ratio (DPR) is 61.34%.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Barclays lowered their target price on McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Weiss Ratings lowered McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada restated a “sector perform” rating on shares of McDonald’s in a report on Tuesday, July 28th. Rothschild & Co Redburn raised shares of McDonald’s from a “sell” rating to a “neutral” rating and increased their price objective for the company from $260.00 to $306.00 in a research report on Thursday, April 23rd. Finally, TD Cowen reiterated a “hold” rating on shares of McDonald’s in a research note on Tuesday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $330.36.

Trending Headlines about McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s reported second-quarter adjusted earnings of $3.38 per share, above the $3.32 analyst consensus and up from $3.19 a year earlier. Stronger franchised margins and comparable-sales growth across its operating segments helped offset the revenue shortfall. McDonald’s Q2 Earnings Surpass Estimates
• Positive Sentiment: Global comparable sales increased roughly 4%, supported by international markets and record restaurant margins. The results suggest McDonald’s continues to generate resilient profitability outside the United States. McDonald’s Q2 Earnings Call Highlights
• Positive Sentiment: The company appointed longtime executive Skye Anderson as president of McDonald’s USA, replacing Joe Erlinger. Anderson will oversee nearly 14,000 U.S. restaurants and is expected to improve service, simplify value offerings and restore traffic in the company’s largest market. McDonald’s Names Skye Anderson as U.S. President

McDonald’s 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.