Personal Capital Advisors Corp Sells 1,260 Shares of McDonald’s Co. (NYSE:MCD)

Personal Capital Advisors Corp trimmed its stake in McDonald’s Co. (NYSE:MCDGet Rating) by 15.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,103 shares of the fast-food giant’s stock after selling 1,260 shares during the period. Personal Capital Advisors Corp’s holdings in McDonald’s were worth $1,756,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in McDonald’s by 1.6% in the first quarter. Vanguard Group Inc. now owns 67,004,180 shares of the fast-food giant’s stock worth $16,568,793,000 after purchasing an additional 1,039,187 shares in the last quarter. BlackRock Inc. lifted its stake in shares of McDonald’s by 4.5% during the fourth quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock valued at $14,185,930,000 after acquiring an additional 2,294,758 shares during the period. State Street Corp lifted its stake in shares of McDonald’s by 2.9% during the fourth quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock valued at $9,911,455,000 after acquiring an additional 1,033,751 shares during the period. Geode Capital Management LLC lifted its stake in shares of McDonald’s by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 12,846,007 shares of the fast-food giant’s stock valued at $3,435,310,000 after acquiring an additional 257,679 shares during the period. Finally, Norges Bank acquired a new position in shares of McDonald’s during the fourth quarter valued at $2,060,325,000. 67.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Ian Frederick Borden sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total value of $2,046,400.00. Following the completion of the sale, the insider now directly owns 7,131 shares of the company’s stock, valued at $1,824,109.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Ian Frederick Borden sold 8,000 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total transaction of $2,046,400.00. Following the completion of the sale, the insider now directly owns 7,131 shares of the company’s stock, valued at approximately $1,824,109.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of McDonald’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $264.02, for a total value of $1,188,090.00. The disclosure for this sale can be found here. Insiders sold a total of 20,191 shares of company stock valued at $5,250,365 over the last three months. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.2 %

MCD opened at $259.52 on Monday. McDonald’s Co. has a 12-month low of $217.68 and a 12-month high of $271.15. The stock has a market cap of $190.93 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 3.16 and a beta of 0.57. The business has a 50 day moving average of $257.88 and a 200-day moving average of $248.66.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. The company had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same period last year, the firm posted $2.37 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, analysts expect that McDonald’s Co. will post 9.83 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be given a $1.38 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.13%. McDonald’s’s payout ratio is 67.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MCD. Royal Bank of Canada upped their price target on McDonald’s from $292.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Jefferies Financial Group cut their price target on McDonald’s from $306.00 to $298.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Cowen increased their target price on McDonald’s from $275.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. BMO Capital Markets increased their price target on McDonald’s from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Finally, Tigress Financial increased their price target on McDonald’s from $314.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $285.04.

McDonald’s Profile

(Get Rating)

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

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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