Congress Park Capital LLC Cuts Holdings in McDonald’s Corporation $MCD

Congress Park Capital LLC lowered its position in McDonald’s Corporation (NYSE:MCD) by 41.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,170 shares of the fast-food giant’s stock after selling 825 shares during the period. Congress Park Capital LLC’s holdings in McDonald’s were worth $342,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.3% in the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock valued at $21,993,689,000 after purchasing an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD lifted its position in McDonald’s by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after buying an additional 1,344,954 shares in the last quarter. Northern Trust Corp boosted its position in shares of McDonald’s by 1.1% during the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock valued at $2,800,447,000 after acquiring an additional 97,966 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of McDonald’s by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant’s stock valued at $1,606,354,000 after buying an additional 123,454 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in McDonald’s by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after acquiring an additional 815,768 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, 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 document filed with the SEC, which is available at the SEC website. 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 completion of the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,341 shares of company stock worth $2,544,327. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Redburn Atlantic reissued a “sell” rating and issued a $260.00 price target (down from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. KeyCorp reiterated an “overweight” rating and set a $335.00 price target (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Melius assumed coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target for the company. Citigroup lifted their target price on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore ISI increased their price target 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. Eleven equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $325.86.

McDonald’s Stock Up 0.4%

Shares of McDonald’s stock opened at $302.30 on Friday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a market capitalization of $215.72 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.08 and a beta of 0.50. The stock’s fifty day moving average is $306.06 and its 200-day moving average is $306.44.

McDonald’s (NYSE:MCD) last posted 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 negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the firm earned $2.97 earnings per share. McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued 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 is currently 60.67%.

About McDonald’s

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.