McDonald’s Co. (NYSE:MCD) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 7.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 50,129 shares of the fast-food giant’s stock after selling 3,973 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in McDonald’s were worth $12,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s during the 1st quarter worth approximately $28,000. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter worth $31,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the fourth quarter valued at $39,000. Finally, Accent Capital Management LLC purchased a new stake in McDonald’s during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.7 %

Shares of NYSE:MCD traded down $1.92 during midday trading on Tuesday, hitting $285.63. The company had a trading volume of 3,567,918 shares, compared to its average volume of 3,580,024. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The firm has a fifty day simple moving average of $260.01 and a 200 day simple moving average of $270.72. The stock has a market cap of $205.85 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the company posted $3.17 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders sold 4,794 shares of company stock worth $1,234,491 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America lowered their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Citigroup lowered their target price on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Finally, Morgan Stanley dropped their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.71.

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.