L.M. Kohn & Company Has $1.46 Million Stock Position in McDonald’s Corporation $MCD

L.M. Kohn & Company lowered its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 19.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,996 shares of the fast-food giant’s stock after selling 1,217 shares during the period. L.M. Kohn & Company’s holdings in McDonald’s were worth $1,460,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MCD. HFM Investment Advisors LLC acquired a new position in McDonald’s in the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s in the 1st quarter worth about $26,000. GFG Capital LLC acquired a new position in McDonald’s in the 2nd quarter worth about $29,000. Abound Financial LLC acquired a new position in McDonald’s in the 1st quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald’s in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,463 shares of company stock worth $1,692,186 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 1.0%

Shares of MCD stock opened at $306.79 on Wednesday. The stock has a market cap of $218.93 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.31 and a beta of 0.50. The stock has a 50-day moving average of $306.44 and a 200-day moving average of $305.71. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 earnings per share. Sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is currently 60.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America lowered their target price on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Mizuho assumed coverage on McDonald’s in a report on Monday. They issued a “neutral” rating and a $300.00 target price for the company. Morgan Stanley set a $335.00 target price on McDonald’s in a report on Friday, October 17th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Finally, Melius initiated coverage on McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $323.43.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.