McDonald's Corporation $MCD Shares Sold by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. reduced its stake in McDonald's Corporation by 4.0%, now holding 34,534 shares worth approximately $10.79 million.
• Analysts have set varying price targets for McDonald's with a consensus target price of $325.14 and ratings ranging from sell to buy.
• McDonald's recently declared a quarterly dividend of $1.77 per share, representing an annual yield of 2.3%, with the ex-dividend date set for September 2nd.

Logan Capital Management Inc. lowered its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,534 shares of the fast-food giant's stock after selling 1,422 shares during the period. Logan Capital Management Inc.'s holdings in McDonald's were worth $10,787,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its holdings in McDonald's by 21.6% during the fourth 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 during the period. Revolve Wealth Partners LLC grew its position in 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 buying an additional 52 shares during the period. Bank Pictet & Cie Europe AG grew its position 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 worth $60,722,000 after buying an additional 27,774 shares during the period. GHE LLC grew its position in McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after buying an additional 136 shares during the period. Finally, Triumph Capital Management acquired a new position in McDonald's during the fourth quarter worth about $331,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Up 0.8%

Shares of MCD traded up $2.38 during trading hours on Thursday, reaching $308.32. 2,760,350 shares of the company traded hands, compared to its average volume of 2,936,050. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a fifty day simple moving average of $305.09 and a 200 day simple moving average of $306.61. The stock has a market capitalization of $220.02 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 3.12 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $6.68 billion. During the same quarter last year, the business earned $2.97 earnings per share. McDonald's's revenue was up 5.4% compared to the same quarter last year. Research analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Insider Activity

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock worth $2,544,327 in the last three months. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

MCD has been the topic of several recent analyst reports. Evercore ISI upped their target price on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus upped their target price on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a report on Friday, August 22nd. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup upped their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Barclays upped their target price on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $325.14.

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.