Advisor OS LLC Sells 175 Shares of McDonald’s Co. (NYSE:MCD)

Advisor OS LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,636 shares of the fast-food giant’s stock after selling 175 shares during the period. Advisor OS LLC’s holdings in McDonald’s were worth $2,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MCD. Jensen Investment Management Inc. grew its position in McDonald’s by 51.8% during the second quarter. Jensen Investment Management Inc. now owns 654,925 shares of the fast-food giant’s stock worth $166,901,000 after buying an additional 223,563 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of McDonald’s by 0.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 72,605 shares of the fast-food giant’s stock worth $18,503,000 after purchasing an additional 373 shares during the last quarter. Synergy Asset Management LLC raised its stake in McDonald’s by 1.0% in the second quarter. Synergy Asset Management LLC now owns 14,758 shares of the fast-food giant’s stock valued at $3,761,000 after purchasing an additional 152 shares in the last quarter. Jeppson Wealth Management LLC raised its stake in McDonald’s by 2.0% in the second quarter. Jeppson Wealth Management LLC now owns 3,339 shares of the fast-food giant’s stock valued at $851,000 after purchasing an additional 67 shares in the last quarter. Finally, Slocum Gordon & Co LLP lifted its position in McDonald’s by 6.5% during the second quarter. Slocum Gordon & Co LLP now owns 688 shares of the fast-food giant’s stock valued at $175,000 after purchasing an additional 42 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Monday, July 29th. Tigress Financial increased their price objective on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus cut their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Bank of America decreased their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Finally, Morgan Stanley lowered their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $303.89.

McDonald’s Stock Up 0.6 %

Shares of MCD opened at $289.58 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The stock has a market cap of $208.70 billion, a P/E ratio of 24.58, a P/E/G ratio of 3.86 and a beta of 0.72. The business’s 50 day moving average price is $268.64 and its 200-day moving average price is $270.91.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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). The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.17 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders sold a total of 6,291 shares of company stock worth $1,689,073 in the last three months. Insiders own 0.23% of the company’s stock.

About McDonald’s

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.