Signaturefd LLC Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Signaturefd LLC cut its position in McDonald’s Co. (NYSE:MCD) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,837 shares of the fast-food giant’s stock after selling 581 shares during the quarter. Signaturefd LLC’s holdings in McDonald’s were worth $4,291,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. OMC Financial Services LTD raised its stake in shares of McDonald’s by 1.5% during the 2nd quarter. OMC Financial Services LTD now owns 17,908 shares of the fast-food giant’s stock worth $4,564,000 after acquiring an additional 261 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in McDonald’s by 3.4% in the second quarter. KCM Investment Advisors LLC now owns 79,074 shares of the fast-food giant’s stock worth $20,151,000 after purchasing an additional 2,600 shares during the last quarter. North Point Portfolio Managers Corp OH increased its position in shares of McDonald’s by 26.9% during the second quarter. North Point Portfolio Managers Corp OH now owns 1,974 shares of the fast-food giant’s stock worth $503,000 after purchasing an additional 419 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of McDonald’s by 2.6% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,690 shares of the fast-food giant’s stock valued at $114,344,000 after purchasing an additional 11,215 shares during the last quarter. Finally, Oxler Private Wealth LLC boosted its position in shares of McDonald’s by 0.7% in the 2nd quarter. Oxler Private Wealth LLC now owns 6,173 shares of the fast-food giant’s stock worth $1,573,000 after purchasing an additional 40 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.2 %

MCD traded up $0.69 on Friday, reaching $288.55. The stock had a trading volume of 2,528,115 shares, compared to its average volume of 3,519,216. The business’s 50-day moving average price is $265.04 and its two-hundred day moving average price is $271.00. The company has a market cap of $207.95 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.17 EPS. As a group, analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold 4,793 shares of company stock worth $1,260,106 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MCD. KeyCorp reduced their target price on McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Guggenheim increased their price objective on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Barclays cut their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $303.71.

McDonald’s Company 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.