Steigerwald Gordon & Koch Inc. Cuts Position in McDonald’s Co. (NYSE:MCD)

Steigerwald Gordon & Koch Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 26.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,389 shares of the fast-food giant’s stock after selling 504 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in McDonald’s were worth $354,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MCD. Concentric Wealth Management LLC increased its position in shares of McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after purchasing an additional 35 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after buying an additional 36 shares in the last quarter. 9258 Wealth Management LLC grew its position in McDonald’s by 1.3% during the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after acquiring an additional 37 shares during the period. Independence Bank of Kentucky grew its position in McDonald’s by 1.3% during the first quarter. Independence Bank of Kentucky now owns 2,913 shares of the fast-food giant’s stock valued at $821,000 after acquiring an additional 38 shares during the period. Finally, MTM Investment Management LLC grew its position in McDonald’s by 3.3% during the first quarter. MTM Investment Management LLC now owns 1,174 shares of the fast-food giant’s stock valued at $331,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCD. Evercore ISI increased their price objective on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. decreased their price objective on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Citigroup cut their target price on McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Tuesday. Finally, Bank of America cut their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $304.41.

McDonald’s Stock Up 1.2 %

Shares of NYSE MCD traded up $3.58 during midday trading on Tuesday, hitting $294.87. 383,124 shares of the company’s stock were exchanged, compared to its average volume of 3,485,963. The company’s 50 day moving average price is $269.47 and its 200 day moving average price is $270.57. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The firm has a market capitalization of $212.51 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 3.87 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $3.17 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current 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 given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the company’s 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 owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders sold a total of 6,291 shares of company stock worth $1,689,073 over the last three months. 0.23% of the stock is owned by company 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.