McDonald’s Co. (NYSE:MCD) Shares Sold by Shelton Capital Management

Shelton Capital Management reduced its position in McDonald’s Co. (NYSE:MCD) by 33.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,678 shares of the fast-food giant’s stock after selling 4,266 shares during the period. Shelton Capital Management’s holdings in McDonald’s were worth $2,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dfpg Investments LLC lifted its stake in shares of McDonald’s by 10.9% in the 2nd quarter. Dfpg Investments LLC now owns 10,807 shares of the fast-food giant’s stock valued at $3,179,000 after purchasing an additional 1,062 shares in the last quarter. First Fiduciary Investment Counsel Inc. lifted its position in McDonald’s by 12.5% during the 1st quarter. First Fiduciary Investment Counsel Inc. now owns 900 shares of the fast-food giant’s stock worth $252,000 after acquiring an additional 100 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its position in McDonald’s by 5.9% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 1,153 shares of the fast-food giant’s stock worth $344,000 after acquiring an additional 64 shares in the last quarter. Register Financial Advisors LLC lifted its position in McDonald’s by 46.4% during the 2nd quarter. Register Financial Advisors LLC now owns 947 shares of the fast-food giant’s stock worth $282,000 after acquiring an additional 300 shares in the last quarter. Finally, Northwest Bancshares Inc. lifted its position in McDonald’s by 1.8% during the 2nd quarter. Northwest Bancshares Inc. now owns 4,056 shares of the fast-food giant’s stock worth $1,210,000 after acquiring an additional 70 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 10,786 shares in the company, valued at approximately $3,041,867.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $262.00, for a total transaction of $180,256.00. Following the completion of the transaction, the executive vice president now owns 19,331 shares in the company, valued at approximately $5,064,722. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $282.02, for a total value of $1,265,423.74. Following the completion of the sale, the insider now owns 10,786 shares of the company’s stock, valued at approximately $3,041,867.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,443 shares of company stock worth $5,863,300. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and set a $310.00 price target on shares of McDonald’s in a research report on Tuesday, October 31st. Oppenheimer boosted their price target on McDonald’s from $315.00 to $330.00 in a research report on Friday, July 28th. Royal Bank of Canada reissued an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research report on Tuesday, October 31st. Robert W. Baird upped their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Wells Fargo & Company raised McDonald’s from an “equal weight” rating to an “overweight” rating and set a $310.00 target price on the stock in a research report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $316.66.

McDonald’s Price Performance

Shares of MCD opened at $275.75 on Friday. The company has a market cap of $200.01 billion, a P/E ratio of 24.27, a PEG ratio of 2.64 and a beta of 0.70. The stock has a fifty day moving average price of $264.08 and a 200 day moving average price of $280.79. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $299.35.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, October 30th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.19. The firm had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.56 billion. McDonald’s had a negative return on equity of 157.19% and a net margin of 33.31%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $1.67 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.52. This represents a $6.68 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s’s dividend payout ratio is presently 53.52%.

About McDonald’s

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.