Gentry Private Wealth LLC Invests $408,000 in McDonald’s Co. (NYSE:MCD)

Gentry Private Wealth LLC acquired a new position in McDonald’s Co. (NYSE:MCD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,600 shares of the fast-food giant’s stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jensen Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 223,563 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in shares of McDonald’s by 0.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 72,605 shares of the fast-food giant’s stock valued at $18,503,000 after acquiring an additional 373 shares during the period. Synergy Asset Management LLC lifted its holdings in shares of McDonald’s by 1.0% during 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 acquiring an additional 152 shares during the period. Jeppson Wealth Management LLC lifted its holdings in shares of McDonald’s by 2.0% during the second 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 raised its holdings in shares of McDonald’s by 6.5% in the second quarter. Slocum Gordon & Co LLP now owns 688 shares of the fast-food giant’s stock valued at $175,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MCD. Barclays cut their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Bank of America cut their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Loop Capital cut their price target on McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, KeyCorp lowered their price objective on McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $303.89.

Insider Activity

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now owns 14,780 shares in the company, valued at $3,842,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,291 shares of company stock worth $1,689,073. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Up 0.5 %

Shares of NYSE MCD opened at $289.51 on Friday. The firm has a market capitalization of $208.64 billion, a P/E ratio of 24.58, a P/E/G ratio of 3.86 and a beta of 0.72. The stock’s 50-day simple moving average is $268.64 and its two-hundred day simple moving average is $270.91. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business 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%. McDonald’s’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.17 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company 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 dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

McDonald’s Company 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.