CX Institutional Has $4.16 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

CX Institutional lowered its position in McDonald’s Co. (NYSE:MCD) by 8.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,307 shares of the fast-food giant’s stock after selling 1,483 shares during the period. CX Institutional’s holdings in McDonald’s were worth $4,156,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. Blue Bell Private Wealth Management LLC lifted its position in shares of McDonald’s by 30.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 161 shares of the fast-food giant’s stock valued at $48,000 after acquiring an additional 38 shares during the period. Strategic Blueprint LLC increased its stake in McDonald’s by 17.0% during the 4th quarter. Strategic Blueprint LLC now owns 4,938 shares of the fast-food giant’s stock valued at $1,464,000 after purchasing an additional 719 shares in the last quarter. RFG Advisory LLC increased its stake in McDonald’s by 3.6% during the 4th quarter. RFG Advisory LLC now owns 11,079 shares of the fast-food giant’s stock valued at $3,285,000 after purchasing an additional 384 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in McDonald’s during the 4th quarter valued at $3,173,000. Finally, B.O.S.S. Retirement Advisors LLC increased its stake in McDonald’s by 6.9% during the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 16,032 shares of the fast-food giant’s stock valued at $4,754,000 after purchasing an additional 1,028 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on 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 directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold 4,794 shares of company stock valued at $1,234,491 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.5 %

MCD stock opened at $269.91 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock has a market cap of $194.52 billion, a P/E ratio of 23.02, a PEG ratio of 3.58 and a beta of 0.71. The business’s 50-day moving average price is $257.23 and its 200-day moving average price is $272.22.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MCD shares. JPMorgan Chase & Co. reduced their target price 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. Bank of America reduced their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Morgan Stanley reduced their target price 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 target on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $303.00.

About McDonald’s

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.