McDonald’s Co. (NYSE:MCD) Shares Sold by Tlwm

Tlwm cut its holdings in McDonald’s Co. (NYSE:MCD) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,833 shares of the fast-food giant’s stock after selling 58 shares during the period. Tlwm’s holdings in McDonald’s were worth $799,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. LaSalle St. Investment Advisors LLC lifted its stake in McDonald’s by 3.0% in the third quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $437,000 after buying an additional 48 shares during the last quarter. Mutual Advisors LLC grew its position in McDonald’s by 10.8% in the 3rd quarter. Mutual Advisors LLC now owns 18,801 shares of the fast-food giant’s stock worth $4,953,000 after purchasing an additional 1,832 shares during the last quarter. Mather Group LLC. increased its stake in shares of McDonald’s by 4.1% in the third quarter. Mather Group LLC. now owns 52,662 shares of the fast-food giant’s stock valued at $13,873,000 after purchasing an additional 2,096 shares during the period. Winslow Capital Management LLC raised its holdings in shares of McDonald’s by 39.6% during the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after buying an additional 370,699 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of McDonald’s by 7.4% during the third quarter. Westfield Capital Management Co. LP now owns 18,454 shares of the fast-food giant’s stock worth $4,862,000 after buying an additional 1,277 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s 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 directly owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,095 shares of company stock valued at $1,100,625. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MCD shares. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. BMO Capital Markets cut their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Bank of America lowered their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Stifel Nicolaus cut their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Price Performance

Shares of MCD traded up $0.33 on Thursday, reaching $258.16. 2,649,859 shares of the stock traded hands, compared to its average volume of 3,385,421. The stock’s 50-day moving average price is $263.91 and its 200-day moving average price is $279.67. The firm has a market cap of $186.05 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.90 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the prior year, the company posted $2.63 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. McDonald’s’s dividend payout ratio is currently 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.