McDonald’s Corporation $MCD Shares Sold by Cooper Financial Group

Cooper Financial Group decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 37.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,420 shares of the fast-food giant’s stock after selling 848 shares during the period. Cooper Financial Group’s holdings in McDonald’s were worth $415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chicago Capital LLC grew its stake in shares of McDonald’s by 4.2% in the second quarter. Chicago Capital LLC now owns 18,996 shares of the fast-food giant’s stock valued at $5,550,000 after buying an additional 759 shares in the last quarter. LifeGuide Financial Advisors LLC grew its position in McDonald’s by 38.2% in the 2nd quarter. LifeGuide Financial Advisors LLC now owns 1,086 shares of the fast-food giant’s stock valued at $317,000 after acquiring an additional 300 shares in the last quarter. Halbert Hargrove Global Advisors LLC grew its position in McDonald’s by 2,625.0% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 109 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 105 shares in the last quarter. XML Financial LLC grew its position in McDonald’s by 11.7% in the 2nd quarter. XML Financial LLC now owns 7,721 shares of the fast-food giant’s stock valued at $2,256,000 after acquiring an additional 810 shares in the last quarter. Finally, Centennial Wealth Advisory LLC grew its position in McDonald’s by 3.0% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 2,690 shares of the fast-food giant’s stock valued at $787,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.1%

Shares of MCD stock opened at $300.09 on Friday. The business has a 50 day moving average of $306.88 and a two-hundred day moving average of $306.19. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market cap of $214.15 billion, a P/E ratio of 25.71, a PEG ratio of 3.06 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly 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. The company 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%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.97 EPS. Analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is currently 60.67%.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock valued at $2,273,407 in the last 90 days. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Redburn Atlantic reissued a “sell” rating and set a $260.00 price objective (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Citigroup boosted their price objective on McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a report on Thursday, July 10th. Finally, Loop Capital cut shares of McDonald’s from a “buy” rating to a “hold” rating and lowered their price target for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $325.86.

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.