Gradient Investments LLC Cuts Stake in McDonald’s Corporation (MCD)

Gradient Investments LLC lowered its position in McDonald’s Corporation (NYSE:MCD) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,755 shares of the fast-food giant’s stock after selling 1,532 shares during the period. Gradient Investments LLC’s holdings in McDonald’s Corporation were worth $7,314,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co increased its stake in McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock worth $257,000 after buying an additional 6 shares during the period. Catawba Capital Management VA increased its stake in McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock worth $382,000 after buying an additional 9 shares during the period. Van Cleef Asset Management Inc increased its stake in McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock worth $331,000 after buying an additional 11 shares during the period. Northern Oak Wealth Management Inc. increased its stake in McDonald’s Corporation by 1.2% in the first quarter. Northern Oak Wealth Management Inc. now owns 1,914 shares of the fast-food giant’s stock worth $248,000 after buying an additional 22 shares during the period. Finally, First Command Bank increased its stake in McDonald’s Corporation by 0.9% in the second quarter. First Command Bank now owns 2,446 shares of the fast-food giant’s stock worth $375,000 after buying an additional 23 shares during the period. 67.52% of the stock is owned by hedge funds and other institutional investors.

Shares of McDonald’s Corporation (MCD) traded up 0.43% during mid-day trading on Friday, reaching $157.30. The company’s stock had a trading volume of 2,925,044 shares. The company’s 50-day moving average is $154.85 and its 200 day moving average is $140.61. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The firm has a market capitalization of $127.41 billion, a P/E ratio of 25.75 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. On average, analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.39%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is 61.54%.

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A number of equities research analysts recently commented on the company. Sanford C. Bernstein raised McDonald’s Corporation from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $129.00 to $160.00 in a report on Tuesday, April 18th. UBS AG set a $143.00 target price on McDonald’s Corporation and gave the stock a “neutral” rating in a report on Wednesday, April 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $159.00 target price on shares of McDonald’s Corporation in a report on Thursday, April 27th. Argus raised McDonald’s Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $140.84 to $158.00 in a report on Thursday, April 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 target price on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Thirteen analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $162.16.

In other McDonald’s Corporation news, insider Joseph M. Erlinger sold 10,793 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the transaction, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $4,013,537.00. Following the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold 65,156 shares of company stock valued at $10,281,996 in the last three months. 0.24% of the stock is currently owned by company insiders.

About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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