S&CO Inc. Sells 180 Shares of McDonald’s Corporation $MCD

S&CO Inc. cut its holdings in McDonald’s Corporation (NYSE:MCD) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,445 shares of the fast-food giant’s stock after selling 180 shares during the period. S&CO Inc.’s holdings in McDonald’s were worth $2,467,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. increased its holdings in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the second quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new stake in McDonald’s during the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s during the first quarter valued at approximately $26,000. Finally, GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter valued at approximately $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,134 shares of company stock worth $4,570,716 over the last three months. 0.25% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of MCD stock opened at $299.71 on Monday. The stock’s fifty day simple moving average is $304.39 and its 200 day simple moving average is $304.94. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The firm has a market cap of $213.44 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the business posted $3.23 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Wells Fargo & Company lifted their price objective on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research note on Thursday. Finally, Guggenheim dropped their price target on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $323.91.

McDonald’s Profile

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.