Profund Advisors LLC Has $4.31 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Profund Advisors LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 8.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,921 shares of the fast-food giant’s stock after selling 1,490 shares during the period. Profund Advisors LLC’s holdings in McDonald’s were worth $4,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of McDonald’s in the first quarter worth $28,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s in the fourth quarter worth $38,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s in the second quarter worth $38,000. Accent Capital Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter worth $44,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of McDonald’s in the fourth quarter worth $45,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCD. Citigroup boosted their target price on shares of McDonald’s from $275.00 to $301.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Barclays dropped their target price on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets dropped their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Tigress Financial boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI boosted their target price 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. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $306.11.

McDonald’s Stock Up 1.0 %

Shares of McDonald’s stock opened at $296.83 on Friday. The stock has a market capitalization of $213.92 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72. The company has a 50-day simple moving average of $277.30 and a 200 day simple moving average of $270.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Insiders have sold a total of 5,193 shares of company stock valued at $1,403,593 in the last 90 days. 0.23% of the stock is currently owned by insiders.

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.