Americana Partners LLC Has $1.15 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Americana Partners LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,524 shares of the fast-food giant’s stock after selling 335 shares during the quarter. Americana Partners LLC’s holdings in McDonald’s were worth $1,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s during the 1st quarter worth about $28,000. Signature Resources Capital Management LLC acquired a new position in McDonald’s during the fourth quarter valued at approximately $31,000. Clear Investment Research LLC acquired a new position in McDonald’s during the fourth quarter valued at approximately $38,000. Kings Path Partners LLC bought a new stake in McDonald’s in the second quarter valued at approximately $38,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s in the fourth quarter worth $39,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated 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 $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,793 shares of company stock valued at $1,260,106. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on MCD shares. Loop Capital lowered their price objective on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Jefferies Financial Group lowered their price target on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Monday, July 29th. KeyCorp dropped their price target 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. Stifel Nicolaus decreased their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Citigroup dropped their target price on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $303.71.

McDonald’s Stock Up 0.3 %

MCD stock opened at $288.66 on Friday. The company has a market cap of $207.07 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 3.86 and a beta of 0.71. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The business has a 50 day moving average price of $265.62 and a two-hundred day moving average price of $271.00.

McDonald’s (NYSE:MCD) last released its 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). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the business posted $3.17 earnings per share. McDonald’s’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is presently 56.71%.

About McDonald’s

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.