McDonald’s Co. (NYSE:MCD) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,932 shares of the fast-food giant’s stock after selling 1,062 shares during the period. McDonald’s comprises approximately 1.8% of Burns J W & Co. Inc. NY’s investment portfolio, making the stock its 12th largest holding. Burns J W & Co. Inc. NY’s holdings in McDonald’s were worth $13,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $31,000. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the 3rd quarter valued at about $33,000. Clear Investment Research LLC purchased a new stake in McDonald’s during the fourth quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in McDonald’s during the fourth quarter worth approximately $39,000. Finally, Keener Financial Planning LLC purchased a new stake in McDonald’s in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Guggenheim dropped their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. JPMorgan Chase & Co. raised their price target on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Robert W. Baird cut their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. The Goldman Sachs Group assumed coverage on McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. Finally, KeyCorp lowered their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

McDonald’s Stock Down 1.3 %

Shares of NYSE:MCD traded down $3.33 on Friday, reaching $254.84. The company had a trading volume of 8,958,712 shares, compared to its average volume of 3,556,529. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a 50-day moving average price of $263.31 and a 200 day moving average price of $279.28. The stock has a market capitalization of $183.66 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the firm earned $2.63 EPS. McDonald’s’s quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. McDonald’s’s payout ratio is presently 56.71%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,095 shares of company stock worth $1,100,625. Company insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.