McDonald’s Co. (NYSE:MCD) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,555 shares of the fast-food giant’s stock after selling 414 shares during the period. Nemes Rush Group LLC’s holdings in McDonald’s were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MCD. Hantz Financial Services Inc. acquired a new position in shares of McDonald’s in the 2nd quarter valued at $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after acquiring an additional 51,210 shares during the period. California State Teachers Retirement System boosted its stake in shares of McDonald’s by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after acquiring an additional 15,863 shares in the last quarter. Brevan Howard Capital Management LP grew its position in shares of McDonald’s by 411.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock valued at $2,223,000 after acquiring an additional 6,031 shares during the period. Finally, BNP Paribas purchased a new position in shares of McDonald’s in the 1st quarter valued at about $7,898,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

McDonald’s stock opened at $303.69 on Friday. The firm has a 50 day simple moving average of $281.71 and a 200-day simple moving average of $271.02. The stock has a market cap of $218.86 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $306.96.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business earned $3.17 EPS. McDonald’s’s revenue was down .1% compared to the same quarter last year. Equities analysts expect that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ian Frederick Borden sold 5,939 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.04, for a total value of $1,781,937.56. Following the completion of the sale, the chief financial officer now owns 20,403 shares in the company, valued at approximately $6,121,716.12. The disclosure for this sale can be found here. Insiders have sold 33,249 shares of company stock valued at $9,865,866 over the last 90 days. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MCD. Guggenheim increased their price target on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird lifted their price target on shares of McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp reduced their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.22.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.