McDonald’s Co. (NYSE:MCD) Holdings Decreased by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 65.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,631 shares of the fast-food giant’s stock after selling 3,085 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in McDonald’s were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MCD. Tennessee Valley Asset Management Partners acquired a new position in McDonald’s during the 4th quarter valued at approximately $131,000. DGS Capital Management LLC acquired a new position in McDonald’s during the 4th quarter valued at approximately $209,000. Allen Capital Group LLC boosted its position in McDonald’s by 6.6% during the 4th quarter. Allen Capital Group LLC now owns 2,484 shares of the fast-food giant’s stock valued at $737,000 after purchasing an additional 153 shares during the period. TRUE Private Wealth Advisors boosted its position in McDonald’s by 11.1% during the 4th quarter. TRUE Private Wealth Advisors now owns 2,994 shares of the fast-food giant’s stock valued at $888,000 after purchasing an additional 300 shares during the period. Finally, Sfmg LLC boosted its position in McDonald’s by 15.8% during the 4th quarter. Sfmg LLC now owns 5,181 shares of the fast-food giant’s stock valued at $1,536,000 after purchasing an additional 705 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MCD. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Guggenheim boosted their price target on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and reduced their price target for the stock from $285.00 to $280.00 in a research report on Wednesday, July 31st. Finally, Bank of America reduced their price target 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. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $303.00.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the company’s 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 completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $291,377.87. Following the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold 4,794 shares of company stock worth $1,234,491 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

NYSE:MCD traded up $3.62 during trading hours on Friday, hitting $278.49. 3,286,217 shares of the company’s stock traded hands, compared to its average volume of 3,568,595. The firm has a market cap of $200.70 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock’s fifty day moving average price is $258.71 and its two-hundred day moving average price is $271.19.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the firm posted $3.17 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is currently 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.