McDonald’s Co. (NYSE:MCD) Shares Sold by Woodstock Corp

Woodstock Corp lowered its position in McDonald’s Co. (NYSE:MCD) by 14.6% in the second quarter, Holdings Channel.com reports. The firm owned 15,801 shares of the fast-food giant’s stock after selling 2,710 shares during the quarter. Woodstock Corp’s holdings in McDonald’s were worth $4,715,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after acquiring an additional 19,217,818 shares during the period. Norges Bank purchased a new position in McDonald’s in the fourth quarter valued at about $2,341,360,000. Arrowstreet Capital Limited Partnership lifted its position in shares of McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after acquiring an additional 2,021,754 shares during the period. Two Sigma Advisers LP boosted its stake in shares of McDonald’s by 610.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,573,100 shares of the fast-food giant’s stock worth $414,559,000 after acquiring an additional 1,351,700 shares in the last quarter. Finally, Amundi increased its stake in McDonald’s by 64.1% in the 4th quarter. Amundi now owns 2,663,063 shares of the fast-food giant’s stock valued at $715,858,000 after purchasing an additional 1,039,816 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wedbush reiterated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Friday, July 28th. TD Cowen restated an “outperform” rating and set a $326.00 target price on shares of McDonald’s in a research report on Thursday, July 27th. Guggenheim increased their price target on shares of McDonald’s from $325.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Morgan Stanley upped their target price on McDonald’s from $315.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Finally, Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of McDonald’s in a research note on Thursday, July 27th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.17.

McDonald’s Trading Down 2.3 %

Shares of MCD stock opened at $278.17 on Friday. The firm has a fifty day simple moving average of $287.55 and a 200-day simple moving average of $285.81. The company has a market capitalization of $202.72 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. McDonald’s Co. has a twelve month low of $230.58 and a twelve month high of $299.35.

McDonald’s (NYSE:MCD) last announced its 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 company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.30 billion. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $2.55 earnings per share. Equities research analysts predict that McDonald’s Co. will post 11.49 EPS for the current year.

McDonald’s Announces Dividend

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

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $289.52, for a total value of $868,560.00. Following the completion of the sale, the executive vice president now owns 1,605 shares of the company’s stock, valued at approximately $464,679.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $289.52, for a total value of $868,560.00. Following the transaction, the executive vice president now owns 1,605 shares of the company’s stock, valued at $464,679.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $291.35, for a total transaction of $1,307,287.45. Following the completion of the sale, the insider now owns 12,038 shares in the company, valued at $3,507,271.30. The disclosure for this sale can be found here. Insiders have sold 18,149 shares of company stock valued at $5,257,201 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.