Clear Street Markets LLC Has $647,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Clear Street Markets LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 65.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,313 shares of the fast-food giant’s stock after selling 4,297 shares during the period. Clear Street Markets LLC’s holdings in McDonald’s were worth $647,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. NewSquare Capital LLC boosted its position in shares of McDonald’s by 18.5% during the first quarter. NewSquare Capital LLC now owns 218 shares of the fast-food giant’s stock worth $61,000 after purchasing an additional 34 shares in the last quarter. Ellevest Inc. boosted its position in shares of McDonald’s by 2.4% during the first quarter. Ellevest Inc. now owns 1,436 shares of the fast-food giant’s stock worth $402,000 after purchasing an additional 34 shares in the last quarter. Bremer Bank National Association boosted its position in shares of McDonald’s by 0.4% during the first quarter. Bremer Bank National Association now owns 8,385 shares of the fast-food giant’s stock worth $2,345,000 after purchasing an additional 35 shares in the last quarter. Day & Ennis LLC boosted its position in shares of McDonald’s by 1.7% during the first quarter. Day & Ennis LLC now owns 2,082 shares of the fast-food giant’s stock worth $582,000 after purchasing an additional 35 shares in the last quarter. Finally, MTM Investment Management LLC boosted its position in shares of McDonald’s by 3.2% during the first quarter. MTM Investment Management LLC now owns 1,135 shares of the fast-food giant’s stock worth $317,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock traded down $1.10 during trading hours on Tuesday, hitting $279.84. The company had a trading volume of 979,388 shares, compared to its average volume of 2,530,776. The firm has a market cap of $203.94 billion, a PE ratio of 25.74, a PEG ratio of 2.74 and a beta of 0.64. McDonald’s Co. has a one year low of $230.58 and a one year high of $299.35. The firm has a 50-day moving average of $289.91 and a 200 day moving average of $285.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.40. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.30 billion. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.55 EPS. As a group, research analysts expect that McDonald’s Co. will post 11.49 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a $1.52 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $6.08 annualized dividend and a yield of 2.17%. McDonald’s’s dividend payout ratio is currently 55.93%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Loop Capital lifted their price target on shares of McDonald’s from $346.00 to $383.00 in a research report on Friday, July 28th. Morgan Stanley boosted their price objective on shares of McDonald’s from $315.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Oppenheimer boosted their price objective on shares of McDonald’s from $315.00 to $330.00 in a research report on Friday, July 28th. Bank of America boosted their price objective on shares of McDonald’s from $319.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Finally, Wells Fargo & Company boosted their price objective on shares of McDonald’s from $304.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.55.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $282.02, for a total transaction of $1,265,423.74. Following the transaction, the insider now directly owns 10,786 shares of the company’s stock, valued at $3,041,867.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Marion K. Gross sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $289.52, for a total transaction of $868,560.00. Following the transaction, the executive vice president now directly owns 1,605 shares of the company’s stock, valued at $464,679.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $282.02, for a total transaction of $1,265,423.74. Following the transaction, the insider now directly owns 10,786 shares in the company, valued at $3,041,867.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,149 shares of company stock valued at $5,257,201. 0.18% of the stock is currently owned by company insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.