Douglas Lane & Associates LLC Sells 95 Shares of McDonald’s Co. (NYSE:MCD)

Douglas Lane & Associates LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 4.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,101 shares of the fast-food giant’s stock after selling 95 shares during the quarter. Douglas Lane & Associates LLC’s holdings in McDonald’s were worth $535,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MCD. Norges Bank bought a new stake in McDonald’s during the fourth quarter worth approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its position in McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. Capital Research Global Investors boosted its position in McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the period. Swedbank AB bought a new stake in McDonald’s during the first quarter worth approximately $348,206,000. Finally, Capital World Investors boosted its position in McDonald’s by 39.7% during the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock worth $1,005,264,000 after purchasing an additional 1,012,534 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.6 %

McDonald’s stock traded up $1.59 during mid-day trading on Tuesday, hitting $270.04. 3,365,052 shares of the company were exchanged, compared to its average volume of 3,605,424. The business has a fifty day moving average of $256.12 and a 200 day moving average of $272.46. The company has a market capitalization of $194.61 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 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 the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.17 EPS. Research analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s payout ratio is presently 56.71%.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,594 shares of company stock worth $1,454,507. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of recent analyst reports. Barclays decreased their target price on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Bank of America reduced their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Guggenheim increased their price objective on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group reduced their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Finally, Citigroup reduced their price objective on McDonald’s from $280.00 to $275.00 and set a “neutral” 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.00.

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.