MJP Associates Inc. ADV Has $669,000 Stake in McDonald’s Co. (NYSE:MCD)

MJP Associates Inc. ADV reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,626 shares of the fast-food giant’s stock after selling 610 shares during the quarter. MJP Associates Inc. ADV’s holdings in McDonald’s were worth $669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Norges Bank bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its stake in McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the last quarter. Swedbank AB acquired a new stake in shares of McDonald’s in the first quarter valued at $348,206,000. Finally, Capital World Investors raised its holdings in shares of McDonald’s by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock valued at $1,005,264,000 after buying an additional 1,012,534 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 1.2 %

Shares of McDonald’s stock traded down $3.28 during trading on Friday, reaching $267.91. The company’s stock had a trading volume of 2,664,877 shares, compared to its average volume of 3,596,416. The company has a 50-day simple moving average of $257.41 and a two-hundred day simple moving average of $271.61. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39. The company has a market cap of $193.08 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the business earned $3.17 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm 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 $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.49%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,794 shares of company stock valued at $1,234,491. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Robert W. Baird lowered their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Jefferies Financial Group reduced their target price on McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, July 29th. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $285.00 to $280.00 in a research report on Wednesday, July 31st. Loop Capital cut their price target on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Guggenheim boosted their target price on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $303.00.

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.