Kowal Investment Group LLC Sells 94 Shares of McDonald’s Co. (NYSE:MCD)

Kowal Investment Group LLC reduced its holdings in McDonald’s Co. (NYSE:MCD) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,928 shares of the fast-food giant’s stock after selling 94 shares during the period. Kowal Investment Group LLC’s holdings in McDonald’s were worth $1,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Hantz Financial Services Inc. acquired a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $6,612,000. California State Teachers Retirement System raised its holdings in McDonald’s by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after purchasing an additional 15,863 shares during the period. Brevan Howard Capital Management LP boosted its position in shares of McDonald’s by 411.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock worth $2,223,000 after purchasing an additional 6,031 shares in the last quarter. BNP Paribas acquired a new position in shares of McDonald’s in the 1st quarter valued at $7,898,000. Finally, First Long Island Investors LLC increased its position in shares of McDonald’s by 16.6% in the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock valued at $15,231,000 after buying an additional 7,707 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now owns 13,681 shares in the company, valued at $3,557,060. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,193 shares of company stock worth $1,403,593 over the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $296.83 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $302.39. The stock 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. The firm’s 50-day moving average is $277.30 and its 200-day moving average is $270.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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%. McDonald’s’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.17 EPS. Sell-side analysts predict that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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 $1.67 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MCD. TD Cowen cut McDonald’s from a “buy” rating to a “hold” rating and decreased their target price for the company from $285.00 to $280.00 in a research note on Wednesday, July 31st. Citigroup boosted their price objective on McDonald’s from $275.00 to $301.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Truist Financial dropped their target price on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Barclays reduced their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Finally, BMO Capital Markets dropped their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a 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 stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $306.11.

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.