Lantz Financial LLC Has $1.26 Million Holdings in McDonald’s Co. (NYSE:MCD)

Lantz Financial LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,943 shares of the fast-food giant’s stock after selling 129 shares during the period. Lantz Financial LLC’s holdings in McDonald’s were worth $1,260,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Aigen Investment Management LP bought a new position in McDonald’s in the 4th quarter valued at $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in McDonald’s in the fourth quarter valued at about $211,000. California State Teachers Retirement System lifted its stake in McDonald’s by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock valued at $350,157,000 after buying an additional 15,863 shares during the period. Keystone Financial Group boosted its holdings in McDonald’s by 5.9% during the fourth quarter. Keystone Financial Group now owns 8,995 shares of the fast-food giant’s stock worth $2,667,000 after buying an additional 499 shares during the last quarter. Finally, Brevan Howard Capital Management LP increased its stake in shares of McDonald’s by 411.4% in 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 last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Price Performance

MCD opened at $291.27 on Wednesday. The firm has a market capitalization of $209.91 billion, a PE ratio of 24.73, a P/E/G ratio of 3.87 and a beta of 0.72. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The company’s 50-day moving average is $270.34 and its 200 day moving average is $270.52.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the company posted $3.17 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts expect that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

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 issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,291 shares of company stock worth $1,689,073. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. BMO Capital Markets lowered their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Stifel Nicolaus reduced their price target 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. Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Tuesday. Finally, TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $285.00 to $280.00 in a research note on Wednesday, July 31st. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.41.

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.