Regent Investment Management LLC Sells 60 Shares of McDonald’s Co. (NYSE:MCD)

Regent Investment Management LLC trimmed its holdings in McDonald’s Co. (NYSE:MCDGet Rating) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,313 shares of the fast-food giant’s stock after selling 60 shares during the period. Regent Investment Management LLC’s holdings in McDonald’s were worth $571,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MCD. Artemis Wealth Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter worth about $28,000. Conrad Siegel Investment Advisors Inc. purchased a new position in McDonald’s in the first quarter valued at approximately $37,000. Rational Advisors LLC lifted its stake in McDonald’s by 60.6% in the first quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in shares of McDonald’s by 70.6% during the first quarter. Cascade Investment Advisors Inc. now owns 203 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 84 shares in the last quarter. Finally, Ten Capital Wealth Advisors LLC increased its holdings in shares of McDonald’s by 23.0% in the first quarter. Ten Capital Wealth Advisors LLC now owns 246 shares of the fast-food giant’s stock worth $61,000 after purchasing an additional 46 shares during the period. Institutional investors own 67.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird set a $285.00 price target on shares of McDonald’s in a research report on Tuesday, July 19th. Guggenheim raised their target price on shares of McDonald’s to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Jefferies Financial Group reduced their price target on shares of McDonald’s from $306.00 to $298.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Morgan Stanley cut their target price on shares of McDonald’s from $287.00 to $285.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Finally, Stephens began coverage on shares of McDonald’s in a research report on Thursday. They issued an “overweight” rating and a $280.00 target price for the company. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $285.39.

McDonald’s Stock Down 0.9 %

Shares of McDonald’s stock traded down $2.27 on Friday, hitting $245.67. 60,058 shares of the company’s stock traded hands, compared to its average volume of 2,372,805. The firm’s 50-day moving average is $258.22 and its 200 day moving average is $249.50. McDonald’s Co. has a 52-week low of $217.68 and a 52-week high of $271.15. The stock has a market cap of $180.74 billion, a P/E ratio of 30.59, a PEG ratio of 3.05 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. The firm had revenue of $5.72 billion for the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter last year, the business posted $2.37 EPS. McDonald’s’s revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that McDonald’s Co. will post 9.83 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a $1.38 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a yield of 2.25%. McDonald’s’s dividend payout ratio is presently 67.98%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Ian Frederick Borden sold 8,000 shares of the stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total value of $2,046,400.00. Following the completion of the sale, the insider now directly owns 7,131 shares in the company, valued at $1,824,109.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ian Frederick Borden sold 8,000 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total transaction of $2,046,400.00. Following the completion of the transaction, the insider now directly owns 7,131 shares of the company’s stock, valued at $1,824,109.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $264.02, for a total value of $1,188,090.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,191 shares of company stock worth $5,250,365. 0.25% of the stock is owned by insiders.

McDonald’s Company Profile

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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