McDonald’s Corporation (NYSE:MCD) Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,460 shares of the fast-food giant’s stock after selling 820 shares during the period. McDonald’s Corporation comprises 2.7% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 9th largest position. Birmingham Capital Management Co. Inc. AL’s holdings in McDonald’s Corporation were worth $6,809,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MCD. Harbour Capital Advisors LLC raised its holdings in shares of McDonald’s Corporation by 12,624.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock valued at $5,009,000 after purchasing an additional 761,149 shares during the period. Swiss National Bank raised its holdings in McDonald’s Corporation by 18.0% in the 1st quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after acquiring an additional 558,300 shares during the period. Karp Capital Management Corp bought a new position in McDonald’s Corporation in the 1st quarter valued at about $66,583,000. WINTON GROUP Ltd raised its holdings in McDonald’s Corporation by 1,155.8% in the 1st quarter. WINTON GROUP Ltd now owns 544,488 shares of the fast-food giant’s stock valued at $62,812,000 after acquiring an additional 501,130 shares during the period. Finally, Bank of Montreal Can raised its holdings in McDonald’s Corporation by 26.3% in the 2nd quarter. Bank of Montreal Can now owns 1,894,258 shares of the fast-food giant’s stock valued at $290,125,000 after acquiring an additional 393,881 shares during the period. Institutional investors own 67.92% of the company’s stock.

In related news, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,938 shares of company stock worth $11,033,009. Corporate insiders own 0.24% of the company’s stock.

A number of analysts have weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Longbow Research restated a “neutral” rating on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a research note on Monday, August 14th. Nomura set a $183.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays PLC set a $164.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $168.19.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.44%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is 61.54%.

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About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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