Advisor OS LLC Reduces Stock Holdings in McDonald’s Co. (NYSE:MCD)

Advisor OS LLC lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,636 shares of the fast-food giant’s stock after selling 175 shares during the quarter. Advisor OS LLC’s holdings in McDonald’s were worth $2,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. 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 valued at $166,901,000 after buying an additional 223,563 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of McDonald’s by 0.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 72,605 shares of the fast-food giant’s stock worth $18,503,000 after acquiring an additional 373 shares during the last quarter. Synergy Asset Management LLC boosted its stake in shares of McDonald’s by 1.0% during the 2nd quarter. Synergy Asset Management LLC now owns 14,758 shares of the fast-food giant’s stock worth $3,761,000 after acquiring an additional 152 shares during the last quarter. Jeppson Wealth Management LLC grew its position in shares of McDonald’s by 2.0% during the 2nd quarter. Jeppson Wealth Management LLC now owns 3,339 shares of the fast-food giant’s stock valued at $851,000 after acquiring an additional 67 shares during the period. Finally, Slocum Gordon & Co LLP increased its stake in shares of McDonald’s by 6.5% in the 2nd quarter. Slocum Gordon & Co LLP now owns 688 shares of the fast-food giant’s stock worth $175,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 sale, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders have sold a total of 6,291 shares of company stock worth $1,689,073 over the last quarter. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several recent research reports. Truist Financial cut their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. BMO Capital Markets cut their price objective 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. Bank of America decreased their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley dropped their target price on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $303.89.

McDonald’s Stock Up 0.6 %

MCD stock opened at $289.58 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The firm’s fifty day simple moving average is $268.64 and its two-hundred day simple moving average is $270.91. The stock has a market capitalization of $208.70 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 3.86 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $3.17 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 11.67 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. Shareholders of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

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.