Ferguson Wellman Capital Management Inc. Sells 1,268 Shares of McDonald's Corporation $MCD

Key Points

• Ferguson Wellman Capital Management Inc. reduced its holdings of McDonald's shares by 1.3%, selling 1,268 shares to own a total of 98,900 shares worth approximately $28.9 million.
• Recent insider trading activity includes EVP Jonathan Banner selling 1,000 shares for $310,000 and a total of 8,341 shares sold by insiders valued at over $2.5 million in the last quarter.
• McDonald's reported a 5.4% year-over-year revenue increase for the last quarter, with an EPS of $3.19, exceeding the consensus estimate of $3.15.

Ferguson Wellman Capital Management Inc. decreased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,900 shares of the fast-food giant's stock after selling 1,268 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in McDonald's were worth $28,896,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. bought a new position in McDonald's in the fourth quarter valued at about $25,000. HFM Investment Advisors LLC bought a new position in McDonald's in the first quarter valued at about $26,000. Nova Wealth Management Inc. bought a new position in McDonald's in the first quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in McDonald's in the fourth quarter valued at about $29,000. Finally, Abound Financial LLC bought a new position in McDonald's in the first quarter valued at about $30,000. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCD. Guggenheim reiterated a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and reduced their target price for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Bank of America reduced their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. KeyCorp restated an "overweight" rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald's in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, McDonald's currently has an average rating of "Hold" and an average target price of $325.86.

McDonald's Trading Up 0.4%

Shares of NYSE MCD traded up $1.16 during mid-day trading on Friday, reaching $302.30. 5,689,476 shares of the company's stock were exchanged, compared to its average volume of 2,880,444. The firm has a market capitalization of $215.72 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.07 and a beta of 0.50. The business has a fifty day simple moving average of $306.06 and a 200 day simple moving average of $306.45. McDonald's Corporation has a twelve month low of $276.53 and a twelve month 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 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.97 earnings per share. Equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is owned by company insiders.

McDonald's 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.