Toroso Investments LLC Sells 463 Shares of McDonald’s Co. (NYSE:MCD)

Toroso Investments LLC lessened its position in McDonald’s Co. (NYSE:MCDGet Rating) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,897 shares of the fast-food giant’s stock after selling 463 shares during the quarter. Toroso Investments LLC’s holdings in McDonald’s were worth $3,931,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Artemis Wealth Advisors LLC bought a new position in McDonald’s in the 1st quarter worth $28,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in shares of McDonald’s during the 4th quarter worth about $34,000. Conrad Siegel Investment Advisors Inc. bought a new position in shares of McDonald’s during the 1st quarter worth about $37,000. Rational Advisors LLC increased its holdings in shares of McDonald’s by 60.6% during the 1st quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock worth $39,000 after purchasing an additional 60 shares during the period. Finally, Covestor Ltd bought a new position in shares of McDonald’s during the 4th quarter worth about $54,000. Institutional investors own 67.27% of the company’s stock.

Insider Buying and Selling

In related news, insider Ian Frederick Borden sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were 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 $1,824,109.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Ian Frederick Borden sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were 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 $1,824,109.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $264.02, for a total transaction 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 ninety days. Insiders own 0.18% of the company’s stock.

McDonald’s Trading Up 0.5 %

Shares of MCD stock opened at $255.72 on Thursday. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $271.15. The firm’s 50 day moving average is $258.07 and its 200-day moving average is $248.77. The firm has a market capitalization of $188.14 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 3.16 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last announced its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The company had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same period in the prior year, the business earned $2.37 earnings per share. McDonald’s’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Co. will post 9.83 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, August 31st. McDonald’s’s dividend payout ratio (DPR) is 67.98%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MCD shares. Deutsche Bank Aktiengesellschaft downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $263.00 to $259.00 in a report on Wednesday, July 27th. Royal Bank of Canada boosted their price objective on shares of McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Barclays dropped their price objective on shares of McDonald’s from $289.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, July 27th. Tigress Financial boosted their price objective on shares of McDonald’s from $314.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Finally, Morgan Stanley decreased their target price on shares of McDonald’s from $287.00 to $285.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.04.

McDonald’s Profile

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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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