NORTHSTAR ASSET MANAGEMENT Co LLC Purchases 90 Shares of McDonald’s Co. (NYSE:MCD)

NORTHSTAR ASSET MANAGEMENT Co LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,041 shares of the fast-food giant’s stock after buying an additional 90 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in McDonald’s were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in McDonald’s in the 4th quarter valued at $131,000. DGS Capital Management LLC bought a new stake in McDonald’s in the 4th quarter valued at $209,000. Allen Capital Group LLC boosted its holdings in McDonald’s by 6.6% in the 4th quarter. Allen Capital Group LLC now owns 2,484 shares of the fast-food giant’s stock valued at $737,000 after purchasing an additional 153 shares during the period. TRUE Private Wealth Advisors boosted its holdings in McDonald’s by 11.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 2,994 shares of the fast-food giant’s stock valued at $888,000 after purchasing an additional 300 shares during the period. Finally, Sfmg LLC boosted its holdings in McDonald’s by 15.8% in the 4th quarter. Sfmg LLC now owns 5,181 shares of the fast-food giant’s stock valued at $1,536,000 after purchasing an additional 705 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,794 shares of company stock valued at $1,234,491. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MCD shares. Jefferies Financial Group dropped their price objective on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Morgan Stanley dropped their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Guggenheim increased their price objective on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $303.00.

McDonald’s Stock Performance

MCD traded up $3.62 during midday trading on Friday, hitting $278.49. The company had a trading volume of 3,286,217 shares, compared to its average volume of 3,568,595. The company has a market capitalization of $200.70 billion, a PE ratio of 23.64, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The firm’s 50-day simple moving average is $258.71 and its 200-day simple moving average is $271.02.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.17 EPS. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

McDonald’s 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.