BTIM Corp. Cuts Position in McDonald’s Corporation (NYSE:MCD)

BTIM Corp. lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,445 shares of the fast-food giant’s stock after selling 5,809 shares during the period. BTIM Corp.’s holdings in McDonald’s Corporation were worth $17,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sowell Financial Services LLC bought a new stake in shares of McDonald’s Corporation during the fourth quarter valued at approximately $1,962,000. Assenagon Asset Management S.A. bought a new stake in shares of McDonald’s Corporation during the fourth quarter valued at approximately $5,605,000. AE Wealth Management LLC bought a new stake in shares of McDonald’s Corporation during the fourth quarter valued at approximately $1,100,000. Miles Capital Inc. bought a new stake in shares of McDonald’s Corporation during the fourth quarter valued at approximately $217,000. Finally, Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of McDonald’s Corporation during the fourth quarter valued at approximately $131,000. 68.20% of the stock is currently owned by institutional investors.

McDonald’s Corporation (NYSE MCD) opened at 157.76 on Friday. The firm’s 50-day moving average is $155.41 and its 200 day moving average is $141.89. The company has a market cap of $127.78 billion, a PE ratio of 25.82 and a beta of 0.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. Analysts predict that McDonald’s Corporation will post $6.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.38%. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

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Several research firms have recently weighed in on MCD. BidaskClub upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Bank of America Corporation reiterated a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price for the company in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday, July 28th. Twelve analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $162.16.

In related news, insider Joseph M. Erlinger sold 10,793 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the transaction, the insider now owns 7,318 shares in the company, valued at approximately $1,130,191.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the transaction, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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