JB Capital LLC Sells 62 Shares of McDonald’s Co. (NYSE:MCD)

JB Capital LLC reduced its holdings in McDonald’s Co. (NYSE:MCD) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,732 shares of the fast-food giant’s stock after selling 62 shares during the quarter. JB Capital LLC’s holdings in McDonald’s were worth $1,971,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of McDonald’s during the first quarter worth $28,000. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s during the fourth quarter worth about $31,000. Clear Investment Research LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s in the 4th quarter valued at approximately $39,000. Finally, Accent Capital Management LLC bought a new stake in McDonald’s in the 4th quarter valued at approximately $44,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MCD shares. Stifel Nicolaus decreased their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Jefferies Financial Group lowered their target price on McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Bank of America lowered their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, KeyCorp cut their price target on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $303.71.

McDonald’s Stock Up 0.1 %

Shares of NYSE:MCD traded up $0.31 during midday trading on Friday, hitting $289.52. The stock had a trading volume of 2,120,898 shares, compared to its average volume of 3,554,345. The company has a market capitalization of $208.65 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The company’s 50-day moving average price is $261.43 and its 200-day moving average price is $270.98. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last released its 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 negative return on equity of 178.92% and a net margin of 32.25%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company earned $3.17 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s 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 value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now owns 13,681 shares in the company, valued at $3,557,060. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,695 shares of company stock valued at $943,113. 0.23% of the stock is currently owned by corporate insiders.

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.