Nadler Financial Group Inc. Sells 3,499 Shares of McDonald’s Corporation $MCD

Nadler Financial Group Inc. lowered its holdings in McDonald’s Corporation (NYSE:MCDFree Report) by 50.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,413 shares of the fast-food giant’s stock after selling 3,499 shares during the period. Nadler Financial Group Inc.’s holdings in McDonald’s were worth $923,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Your Advocates Ltd. LLP purchased a new position in McDonald’s in the 4th quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of McDonald’s during the fourth quarter worth $29,000. Abound Financial LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $30,000. DecisionPoint Financial LLC boosted its holdings in shares of McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares during the period. Finally, Entrust Financial LLC bought a new position in shares of McDonald’s in the fourth quarter worth $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider directly owned 7,734 shares in the company, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,348 shares of company stock valued at $2,355,634 in the last three months. 0.26% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $272.61 on Monday. The company has a market capitalization of $192.91 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 3.05 and a beta of 0.41. McDonald’s Corporation has a 52-week low of $260.96 and a 52-week high of $341.75. The business’s fifty day moving average is $273.81 and its 200 day moving average is $295.15.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping the consensus estimate of $3.32 by $0.06. The business had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.19 earnings per share. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.88 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.7%. McDonald’s’s payout ratio is presently 60.44%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MCD shares. Tigress Financial boosted their price objective on McDonald’s from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on McDonald’s from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Guggenheim decreased their price target on McDonald’s from $320.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Evercore set a $320.00 price target on shares of McDonald’s in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada cut their price objective on shares of McDonald’s from $305.00 to $295.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

View Our Latest Report on MCD

McDonald’s News Roundup

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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.

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

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