McDonald's Corporation $MCD Shares Sold by Cyrus J. Lawrence LLC

Key Points

• Cyrus J. Lawrence LLC has sold 96.8% of its holdings in McDonald's, reducing its shares from 3,126 to just 100, indicating a significant reduction in their investment value, now worth $31,000.
• Several other investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their stakes in the company, showcasing mixed sentiment among large investors.
• McDonald's announced a $1.77 quarterly dividend with a yield of 2.3%, and its stock has recently opened at $313.68, amidst fluctuating analyst ratings and target prices.

Cyrus J. Lawrence LLC reduced its position in McDonald's Corporation (NYSE:MCD - Free Report) by 96.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100 shares of the fast-food giant's stock after selling 3,026 shares during the quarter. Cyrus J. Lawrence LLC's holdings in McDonald's were worth $31,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in McDonald's by 21.6% in 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 in the last quarter. Revolve Wealth Partners LLC raised its position in McDonald's by 2.8% in 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 position in McDonald's by 15.3% in 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 acquiring an additional 27,774 shares in the last quarter. GHE LLC raised its position in McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after acquiring an additional 136 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in McDonald's in the fourth quarter worth $331,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction 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 completion of the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,341 shares of company stock worth $2,229,327 in the last quarter. Insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.5%

Shares of NYSE MCD opened at $313.68 on Friday. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The business has a 50 day moving average price of $301.22 and a two-hundred day moving average price of $306.18. The firm has a market cap of $223.84 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 EPS. On average, analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $1.77 dividend. 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 presently 60.67%.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Morgan Stanley upped their target price on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. 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. Finally, Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the company from $346.00 to $315.00 in a report on Friday, June 6th. Thirteen equities research 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 a consensus rating of "Hold" and an average price target of $326.38.

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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