1,356 Shares in McDonald's Corporation (NYSE:MCD) Bought by Koss Olinger Consulting LLC

Key Points

• Koss Olinger Consulting LLC acquired 1,356 shares of McDonald's Corporation, valued at approximately $424,000, as reported in their latest 13F filing.
• Insider Joseph M. Erlinger sold 939 shares at an average price of $299.49, reducing his ownership by 9.19%, amidst a trend where insiders sold 7,280 shares in total over the last ninety days.
• McDonald's announced a quarterly dividend of $1.77 per share, with a pay date of September 16th, representing an annualized yield of 2.3%.

Koss Olinger Consulting LLC bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,356 shares of the fast-food giant's stock, valued at approximately $424,000.

Other hedge funds have also bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in McDonald's during the fourth quarter worth $25,000. Pinney & Scofield Inc. bought a new position in McDonald's during the fourth quarter worth $29,000. GKV Capital Management Co. Inc. bought a new position in McDonald's during the fourth quarter worth $30,000. Abound Financial LLC bought a new position in McDonald's during the first quarter worth $30,000. Finally, Copia Wealth Management bought a new position in McDonald's during the fourth quarter worth $31,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,280 shares of company stock worth $2,215,178. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research note on Thursday, July 10th. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Robert W. Baird lifted their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Barclays lifted their price target on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $326.87.

McDonald's Price Performance

NYSE:MCD opened at $305.62 on Friday. The firm has a 50-day moving average of $298.57 and a 200-day moving average of $304.49. The company has a market cap of $218.09 billion, a PE ratio of 26.19, a PEG ratio of 3.19 and a beta of 0.52. McDonald's Corporation has a one year low of $265.33 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same period in the previous year, the company earned $2.97 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's payout ratio is 60.67%.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.

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