MGO One Seven LLC Sells 111 Shares of McDonald’s Co. (NYSE:MCD)

MGO One Seven LLC cut its position in McDonald’s Co. (NYSE:MCD) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,110 shares of the fast-food giant’s stock after selling 111 shares during the quarter. MGO One Seven LLC’s holdings in McDonald’s were worth $3,086,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MCD. Concentric Wealth Management LLC raised its position in McDonald’s by 1.4% during the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after purchasing an additional 35 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in shares of McDonald’s by 2.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after acquiring an additional 36 shares in the last quarter. 9258 Wealth Management LLC raised its position in shares of McDonald’s by 1.3% in the 1st quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock worth $799,000 after acquiring an additional 37 shares in the last quarter. Independence Bank of Kentucky raised its position in shares of McDonald’s by 1.3% in the 1st quarter. Independence Bank of Kentucky now owns 2,913 shares of the fast-food giant’s stock worth $821,000 after acquiring an additional 38 shares in the last quarter. Finally, MTM Investment Management LLC raised its position in shares of McDonald’s by 3.3% in the 1st quarter. MTM Investment Management LLC now owns 1,174 shares of the fast-food giant’s stock worth $331,000 after acquiring an additional 38 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

NYSE MCD opened at $290.14 on Thursday. The business’s fifty day moving average price is $271.14 and its 200-day moving average price is $270.66. The stock has a market capitalization of $209.10 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 3.87 and a beta of 0.72. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Morgan Stanley decreased their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $285.00 to $280.00 in a research report on Wednesday, July 31st. BMO Capital Markets decreased their target price on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Monday, July 29th. Finally, Jefferies Financial Group upped their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.41.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was 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 approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the firm’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 sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,291 shares of company stock valued at $1,689,073. 0.23% of the stock is owned by company insiders.

McDonald’s Profile

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.