First Long Island Investors LLC Has $16.21 Million Stock Position in McDonald's Corporation $MCD

Key Points

• First Long Island Investors LLC reduced its stake in McDonald's by 2.3%, now owning 51,900 shares valued at approximately $16.2 million.
• Analysts hold a consensus rating of Hold for McDonald's stock, with a target price ranging from $260 to $360.
• McDonald's declared a quarterly dividend of $1.77 per share, representing a dividend yield of 2.3% and an annualized dividend total of $7.08.

First Long Island Investors LLC trimmed its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,900 shares of the fast-food giant's stock after selling 1,208 shares during the quarter. First Long Island Investors LLC's holdings in McDonald's were worth $16,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after acquiring an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after buying an additional 27,774 shares in the last quarter. GHE LLC raised its holdings in McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after buying an additional 136 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of McDonald's in the fourth quarter valued at about $331,000. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Performance

NYSE:MCD traded down $2.94 during mid-day trading on Friday, hitting $305.49. The stock had a trading volume of 2,072,499 shares, compared to its average volume of 2,771,965. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market cap of $218.00 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.11 and a beta of 0.49. The company's 50 day simple moving average is $305.33 and its 200 day simple moving average is $306.57.

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, beating 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 firm had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same period in the prior year, the firm earned $2.97 EPS. The business's revenue was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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 given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Insider Activity at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,341 shares of company stock worth $2,544,327. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Citigroup lifted their target price on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Redburn Atlantic restated a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. JPMorgan Chase & Co. boosted their price objective on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $325.14.

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.