OMERS ADMINISTRATION Corp Sells 1,862 Shares of McDonald's Corporation $MCD

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in McDonald's Corporation by 5.7%, owning 30,971 shares valued at approximately $9.67 million after selling 1,862 shares.
• McDonald's reported $3.19 earnings per share for the latest quarter, surpassing the consensus estimate of $3.15 and showing a revenue increase of 5.4% year-over-year.
• The company recently declared a quarterly dividend of $1.77 per share, yielding 2.3% annually, with a payout ratio of 60.67%.

OMERS ADMINISTRATION Corp trimmed its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,971 shares of the fast-food giant's stock after selling 1,862 shares during the period. OMERS ADMINISTRATION Corp's holdings in McDonald's were worth $9,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cascade Investment Group Inc. acquired a new position in McDonald's during the first quarter worth $211,000. Truvestments Capital LLC increased its holdings in shares of McDonald's by 25.9% in the first quarter. Truvestments Capital LLC now owns 777 shares of the fast-food giant's stock valued at $243,000 after purchasing an additional 160 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of McDonald's in the first quarter valued at $362,000. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of McDonald's by 6.2% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 415,251 shares of the fast-food giant's stock valued at $129,711,000 after purchasing an additional 24,074 shares during the last quarter. Finally, RB Capital Management LLC increased its holdings in shares of McDonald's by 1.0% in the first quarter. RB Capital Management LLC now owns 6,682 shares of the fast-food giant's stock valued at $2,087,000 after purchasing an additional 66 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on MCD shares. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Evercore ISI upped their price objective on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets reiterated an "outperform" rating and issued a $350.00 price objective (up from $345.00) on shares of McDonald's in a report on Thursday, August 7th. Finally, Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the company from $346.00 to $315.00 in a report on Friday, June 6th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, McDonald's has a consensus rating of "Hold" and an average target price of $326.38.

Insider Activity at McDonald's

In other news, EVP Jonathan Banner sold 1,000 shares of the firm'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 sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the completion of the transaction, the chief marketing officer owned 7,882 shares of the company's stock, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,341 shares of company stock valued at $2,229,327. 0.25% of the stock is currently owned by company insiders.

McDonald's Trading Up 0.5%

McDonald's stock traded up $1.46 during trading hours on Monday, reaching $313.68. 2,490,658 shares of the stock were exchanged, compared to its average volume of 3,446,957. The company has a market cap of $223.85 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 3.19 and a beta of 0.49. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a 50 day moving average of $301.22 and a two-hundred day moving average of $306.16.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results 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. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the company posted $2.97 EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

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.