McDonald’s Co. (NYSE:MCD) Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. trimmed its position in McDonald’s Co. (NYSE:MCD) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,046 shares of the fast-food giant’s stock after selling 147 shares during the quarter. Bellecapital International Ltd.’s holdings in McDonald’s were worth $909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Osterweis Capital Management Inc. acquired a new position in McDonald’s during the fourth quarter valued at approximately $25,000. Aspire Private Capital LLC acquired a new position in shares of McDonald’s during the 1st quarter valued at $26,562,950,000. Grey Fox Wealth Advisors LLC lifted its holdings in shares of McDonald’s by 102.0% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 101 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 51 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in McDonald’s in the 1st quarter valued at $32,000. Finally, Retirement Group LLC acquired a new position in shares of McDonald’s during the fourth quarter worth about $37,000. 67.60% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $278.17 on Friday. McDonald’s Co. has a 1 year low of $230.58 and a 1 year high of $299.35. The stock has a fifty day moving average price of $287.55 and a two-hundred day moving average price of $285.81. The firm has a market cap of $202.72 billion, a P/E ratio of 25.59, a PEG ratio of 2.75 and a beta of 0.64.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, August 31st. McDonald’s’s payout ratio is 55.93%.

Insiders Place Their Bets

In other news, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $282.54, for a total transaction of $194,387.52. Following the sale, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at $5,656,168.26. 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 Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the sale, the executive vice president now owns 20,019 shares in the company, valued at $5,656,168.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $291.35, for a total value of $1,307,287.45. Following the completion of the sale, the insider now owns 12,038 shares of the company’s stock, valued at approximately $3,507,271.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,149 shares of company stock worth $5,257,201. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. BTIG Research upped their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Wedbush reissued an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Friday, July 28th. Citigroup upped their target price on McDonald’s from $308.00 to $317.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. KeyCorp raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. Finally, Robert W. Baird upped their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $323.17.

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.