Burns J W & Co. Inc. NY Sells 360 Shares of McDonald’s Co. (NYSE:MCD)

Burns J W & Co. Inc. NY lowered its stake in McDonald’s Co. (NYSE:MCD) by 0.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 48,895 shares of the fast-food giant’s stock after selling 360 shares during the period. McDonald’s makes up 2.3% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 9th largest holding. Burns J W & Co. Inc. NY’s holdings in McDonald’s were worth $14,591,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Osterweis Capital Management Inc. acquired a new position in McDonald’s in the 4th quarter valued at about $25,000. Grey Fox Wealth Advisors LLC grew its stake in McDonald’s by 102.0% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 101 shares of the fast-food giant’s stock valued at $28,000 after buying an additional 51 shares during the last quarter. Ridgewood Investments LLC acquired a new position in McDonald’s in the 1st quarter valued at about $32,000. Retirement Group LLC bought a new stake in McDonald’s in the 4th quarter valued at about $37,000. Finally, Kepos Capital LP bought a new stake in McDonald’s in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction 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 SEC, which can be accessed through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 3,000 shares of the firm’s stock in a transaction on 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 directly owns 1,605 shares of the company’s stock, valued at $464,679.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction 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 completion of 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. Insiders have sold a total of 18,149 shares of company stock valued at $5,257,201 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MCD. Truist Financial boosted their price objective on shares of McDonald’s from $327.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of McDonald’s in a report on Thursday, July 27th. Tigress Financial upped their price target on shares of McDonald’s from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Wedbush reaffirmed an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Friday, July 28th. Finally, Wells Fargo & Company raised shares of McDonald’s from an “equal weight” rating to an “overweight” rating and set a $310.00 price target for the company in a report on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.17.

McDonald’s Stock Down 0.2 %

MCD opened at $277.71 on Tuesday. McDonald’s Co. has a twelve month low of $230.58 and a twelve month high of $299.35. The company has a fifty day moving average of $287.27 and a 200-day moving average of $286.22. The stock has a market cap of $202.38 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.40. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates 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 firm earned $2.55 earnings per share. Sell-side analysts anticipate that McDonald’s Co. will post 11.49 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

McDonald’s 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.