Blair William & Co. IL Sells 2,684 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Blair William & Co. IL reduced its McDonald's holdings by 2,684 shares, resulting in a total of 341,047 shares worth approximately $106.5 million as of the last SEC filing.
• Insider trading activity was noted with Joseph M. Erlinger and CMO Edith Morgan Flatley both selling shares, leading to a decrease in their respective stock positions.
• McDonald's declared a quarterly dividend of $1.77 per share, with a yield of 2.3%, which will be paid to investors of record on September 2nd.

Blair William & Co. IL decreased its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 0.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,047 shares of the fast-food giant's stock after selling 2,684 shares during the period. Blair William & Co. IL's holdings in McDonald's were worth $106,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at about $25,000. Abound Financial LLC purchased a new stake in McDonald's during the first quarter valued at approximately $30,000. Pinney & Scofield Inc. acquired a new stake in McDonald's in the fourth quarter valued at approximately $29,000. Redmont Wealth Advisors LLC purchased a new position in McDonald's in the first quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of McDonald's during the first quarter worth $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,817 shares of company stock valued at $1,147,992. 0.25% of the stock is owned by corporate insiders.

McDonald's Trading Up 0.9%

Shares of McDonald's stock opened at $302.88 on Friday. The firm's 50-day moving average price is $299.44 and its 200 day moving average price is $303.66. The firm has a market capitalization of $216.57 billion, a PE ratio of 26.73, a P/E/G ratio of 3.17 and a beta of 0.52. McDonald's Corporation has a twelve month low of $265.33 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.70 EPS. On average, sell-side analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. TD Securities reaffirmed a "hold" rating and issued a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. Citigroup boosted their price objective on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. KeyCorp reduced their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Finally, Bank of America dropped their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $323.39.

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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