McDonald’s Co. (NYSE:MCD) Shares Sold by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,113 shares of the fast-food giant’s stock after selling 200 shares during the quarter. McDonald’s accounts for 0.7% of Evernest Financial Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Evernest Financial Advisors LLC’s holdings in McDonald’s were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $4,286,000. Strait & Sound Wealth Management LLC acquired a new position in McDonald’s during the fourth quarter valued at $211,000. Hantz Financial Services Inc. purchased a new stake in shares of McDonald’s in the second quarter worth approximately $6,612,000. California State Teachers Retirement System boosted its position in McDonald’s by 1.4% during the fourth quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock valued at $350,157,000 after purchasing an additional 15,863 shares during the last quarter. Finally, Keystone Financial Group grew its stake in shares of McDonald’s by 5.9% in the 4th quarter. Keystone Financial Group now owns 8,995 shares of the fast-food giant’s stock valued at $2,667,000 after buying an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $291.27 on Wednesday. The firm has a market cap of $209.91 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.87 and a beta of 0.72. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The stock has a 50 day simple moving average of $270.34 and a two-hundred day simple moving average of $270.52.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $3.17 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,689,073 in the last ninety days. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. BMO Capital Markets cut their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Jefferies Financial Group increased their price objective on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday. 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 report on Tuesday, July 30th. Finally, Citigroup dropped their price target on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $304.41.

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.