McDonald’s Co. (NYSE:MCD) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,981 shares of the fast-food giant’s stock after selling 1,126 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in McDonald’s were worth $48,924,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s in the first quarter valued at 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. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $39,000. Finally, Accent Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of analyst reports. TD Cowen lowered shares of McDonald’s from a “buy” rating to a “hold” rating and lowered their price objective for the company from $285.00 to $280.00 in a research report on Wednesday, July 31st. Barclays reduced their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Evercore ISI boosted their target price on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Monday, July 29th. Finally, Citigroup dropped their price objective on McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.71.

McDonald’s Stock Up 0.2 %

Shares of MCD traded up $0.69 during trading hours on Friday, reaching $288.55. 2,528,115 shares of the company traded hands, compared to its average volume of 3,519,216. The stock has a market capitalization of $207.95 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The stock has a fifty day simple moving average of $265.04 and a 200 day simple moving average of $271.00. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

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

McDonald’s Announces Dividend

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 dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the business’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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold 4,793 shares of company stock worth $1,260,106 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Company Profile

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.