McDonald’s Co. (NYSE:MCD) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its position in McDonald’s Co. (NYSE:MCD) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,365 shares of the fast-food giant’s stock after selling 66 shares during the period. 180 Wealth Advisors LLC’s holdings in McDonald’s were worth $697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $25,000. Grey Fox Wealth Advisors LLC raised its position in McDonald’s by 102.0% in the first quarter. Grey Fox Wealth Advisors LLC now owns 101 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 51 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in McDonald’s in the first quarter valued at $32,000. Retirement Group LLC purchased a new stake in shares of McDonald’s during the 4th quarter worth $37,000. Finally, Kepos Capital LP acquired a new position in shares of McDonald’s during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Heidi B. Capozzi sold 688 shares of McDonald’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $282.54, for a total value of $194,387.52. Following the completion of the transaction, the executive vice president now owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $285.00, for a total value of $285,000.00. Following the sale, the chief marketing officer now owns 929 shares of the company’s stock, valued at approximately $264,765. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the transaction, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,149 shares of company stock valued at $5,257,201. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCD. Wells Fargo & Company raised shares of McDonald’s from an “equal weight” rating to an “overweight” rating and set a $310.00 price objective on the stock in a report on Thursday, September 7th. Bank of America boosted their price target on McDonald’s from $319.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. KeyCorp raised their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Guggenheim boosted their target price on McDonald’s from $325.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Morgan Stanley raised their price target on McDonald’s from $315.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $323.17.

McDonald’s Trading Down 0.2 %

MCD stock opened at $277.71 on Tuesday. The stock has a 50-day moving average price of $287.27 and a two-hundred day moving average price of $286.22. The company has a market cap of $202.38 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64. McDonald’s Co. has a 12-month low of $230.58 and a 12-month high of $299.35.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.40. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.30 billion. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.55 EPS. Equities analysts forecast that McDonald’s Co. will post 11.49 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were paid a $1.52 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.19%. McDonald’s’s dividend payout ratio (DPR) is presently 55.93%.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.