Everett Harris & Co. CA Sells 1,871 Shares of McDonald’s Corporation $MCD

Everett Harris & Co. CA decreased its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,961 shares of the fast-food giant’s stock after selling 1,871 shares during the period. McDonald’s accounts for about 1.5% of Everett Harris & Co. CA’s portfolio, making the stock its 14th biggest position. Everett Harris & Co. CA owned 0.06% of McDonald’s worth $121,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Your Advocates Ltd. LLP bought a new stake in shares of McDonald’s during the 4th quarter valued at about $27,000. Park Place Capital Corp boosted its position in shares of McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 45 shares in the last quarter. DecisionPoint Financial LLC boosted its position in shares of McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after purchasing an additional 97 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at about $31,000. Finally, Painted Porch Advisors LLC boosted its position in shares of McDonald’s by 735.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.8%

MCD stock opened at $277.58 on Tuesday. McDonald’s Corporation has a twelve month low of $271.85 and a twelve month high of $341.75. The stock’s 50 day moving average is $291.34 and its 200-day moving average is $307.36. The firm has a market capitalization of $197.22 billion, a PE ratio of 22.88, a P/E/G ratio of 2.79 and a beta of 0.41.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the company earned $2.67 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that McDonald’s Corporation will post 12.93 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 61.34%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada cut their target price on McDonald’s from $330.00 to $305.00 and set a “sector perform” rating on the stock in a research report on Friday, May 8th. Evercore set a $350.00 price target on McDonald’s in a report on Friday, May 8th. Citigroup increased their price target on McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Tigress Financial increased their price target on McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, TD Cowen cut their price target on McDonald’s from $330.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $336.26.

Get Our Latest Analysis on MCD

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 333 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $280.11, for a total transaction of $93,276.63. Following the completion of the sale, the insider directly owned 7,734 shares of the company’s stock, valued at approximately $2,166,370.74. This trade represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 6,055 shares of company stock valued at $1,769,373 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.