McDonald’s Co. (NYSE:MCD) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,164 shares of the fast-food giant’s stock after selling 102 shares during the period. Cutter & CO Brokerage Inc.’s holdings in McDonald’s were worth $552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s during the first quarter worth about $28,000. Signature Resources Capital Management LLC purchased a new stake in McDonald’s during the 4th quarter valued at approximately $31,000. Clear Investment Research LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $38,000. Kings Path Partners LLC purchased a new position in shares of McDonald’s in the 2nd quarter valued at approximately $38,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders sold a total of 4,793 shares of company stock worth $1,260,106 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCD. Barclays lowered their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. Guggenheim raised their price objective on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets dropped their target price on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reduced their price target on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $303.71.

McDonald’s Stock Up 0.3 %

Shares of McDonald’s stock traded up $0.80 during trading on Friday, hitting $288.66. 2,528,549 shares of the company were exchanged, compared to its average volume of 3,381,473. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The firm has a 50 day moving average price of $265.62 and a 200 day moving average price of $270.88. The stock has a market capitalization of $207.07 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 3.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $3.17 earnings per share. Analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is currently 56.71%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.