Fidelis Capital Partners LLC Sells 166 Shares of McDonald’s Co. (NYSE:MCD)

Fidelis Capital Partners LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,821 shares of the fast-food giant’s stock after selling 166 shares during the quarter. Fidelis Capital Partners LLC’s holdings in McDonald’s were worth $1,837,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s during the first quarter valued at about $28,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $38,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s during the second quarter valued at approximately $38,000. Accent Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at $44,000. Finally, Transcendent Capital Group LLC bought a new position in McDonald’s in the fourth quarter worth $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Tuesday, September 3rd. The stock was 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 $446,721.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. 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 owned by company insiders.

McDonald’s Stock Up 1.0 %

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

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during 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%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $3.17 EPS. Sell-side analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCD. Bank of America lowered their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Evercore ISI increased 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. Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Citigroup upped their price objective on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Finally, Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $306.11.

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.