Revolve Wealth Partners LLC Sells 40 Shares of McDonald’s Co. (NYSE:MCD)

Revolve Wealth Partners LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,859 shares of the fast-food giant’s stock after selling 40 shares during the quarter. Revolve Wealth Partners LLC’s holdings in McDonald’s were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald’s during the 1st quarter valued at $28,000. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $31,000. Clear Investment Research LLC bought a new stake in shares of McDonald’s during the 4th quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in McDonald’s in the 4th quarter valued at about $39,000. Finally, Accent Capital Management LLC bought a new position in McDonald’s in the 4th quarter valued at about $44,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on MCD. KeyCorp lowered their price objective on McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on shares of McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. TD Cowen downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their price target for the company from $285.00 to $280.00 in a research report on Wednesday, July 31st. Finally, BMO Capital Markets cut their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.00.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders sold a total of 4,794 shares of company stock valued at $1,234,491 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.3 %

NYSE:MCD traded up $3.62 during mid-day trading on Friday, hitting $278.49. 3,286,217 shares of the company traded hands, compared to its average volume of 3,568,595. The stock’s fifty day moving average price is $258.71 and its 200-day moving average price is $271.02. The firm has a market cap of $200.70 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the firm posted $3.17 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. Equities analysts predict that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.40%. McDonald’s’s payout ratio is 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.