Nelson Capital Management LLC Has $208,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Nelson Capital Management LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 8.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 815 shares of the fast-food giant’s stock after selling 75 shares during the period. Nelson Capital Management LLC’s holdings in McDonald’s were worth $208,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wambolt & Associates LLC increased its holdings in McDonald’s by 5.7% in the 2nd quarter. Wambolt & Associates LLC now owns 10,770 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 581 shares during the period. Investment Partners LTD. raised its position in McDonald’s by 5.9% during the second quarter. Investment Partners LTD. now owns 5,491 shares of the fast-food giant’s stock valued at $1,399,000 after purchasing an additional 307 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of McDonald’s by 2.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 316,654 shares of the fast-food giant’s stock valued at $80,696,000 after purchasing an additional 6,884 shares in the last quarter. Y.D. More Investments Ltd increased its stake in shares of McDonald’s by 7.0% in the 2nd quarter. Y.D. More Investments Ltd now owns 6,480 shares of the fast-food giant’s stock valued at $1,651,000 after purchasing an additional 425 shares during the last quarter. Finally, Fortune Financial Advisors LLC raised its holdings in shares of McDonald’s by 2.6% during the 2nd quarter. Fortune Financial Advisors LLC now owns 3,314 shares of the fast-food giant’s stock worth $844,000 after buying an additional 83 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Bank of America cut their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock 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 report on Thursday, July 11th. TD Cowen cut shares of McDonald’s from a “buy” rating to a “hold” rating and decreased their price target for the company from $285.00 to $280.00 in a research report on Wednesday, July 31st. Finally, Barclays cut their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.41.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders have sold a total of 6,291 shares of company stock worth $1,689,073 in the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $290.14 on Thursday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The company’s fifty day simple moving average is $271.14 and its two-hundred day simple moving average is $270.66. The stock has a market capitalization of $209.10 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 3.87 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.17 earnings per share. Equities research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.30%. McDonald’s’s payout ratio is presently 56.71%.

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.