Lmcg Investments LLC Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Lmcg Investments LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,455 shares of the fast-food giant’s stock after selling 62 shares during the quarter. Lmcg Investments LLC’s holdings in McDonald’s were worth $880,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s during the first quarter valued at $28,000. Clear Investment Research LLC bought a new position in McDonald’s during the 4th quarter worth about $38,000. Kings Path Partners LLC purchased a new position in McDonald’s during the 2nd quarter valued at about $38,000. Accent Capital Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $44,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth approximately $45,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Morgan Stanley cut their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Truist Financial cut their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup raised their price objective on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $306.11.

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 completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders have sold 6,291 shares of company stock worth $1,689,073 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Down 1.0 %

Shares of NYSE:MCD opened at $293.73 on Wednesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The company’s 50 day moving average is $274.83 and its 200 day moving average is $270.53. The company has a market cap of $211.69 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.17 EPS. Equities research analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.27%. McDonald’s’s dividend payout ratio (DPR) is presently 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.