McDonald’s Co. (NYSE:MCD) Position Reduced by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 77.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,900 shares of the fast-food giant’s stock after selling 39,803 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in McDonald’s were worth $3,033,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Concentric Wealth Management LLC lifted its holdings in McDonald’s by 1.4% in the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after acquiring an additional 35 shares during the last quarter. FinTrust Capital Advisors LLC lifted its stake 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 valued at $376,000 after purchasing an additional 36 shares during the last quarter. 9258 Wealth Management LLC boosted its holdings 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 worth $799,000 after buying an additional 37 shares in the last quarter. Weatherly Asset Management L. P. grew its position in McDonald’s by 0.9% in the first quarter. Weatherly Asset Management L. P. now owns 4,378 shares of the fast-food giant’s stock worth $1,234,000 after buying an additional 38 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its position in shares of McDonald’s by 1.3% during the 1st 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 last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.0 %

NYSE MCD opened at $303.69 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $306.96. The company has a market capitalization of $218.86 billion, a PE ratio of 25.78, a P/E/G ratio of 3.99 and a beta of 0.72. The stock has a 50-day simple moving average of $281.71 and a 200 day simple moving average of $271.18.

McDonald’s (NYSE:MCD) last announced 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). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the business earned $3.17 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction 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 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 this hyperlink. In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred 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 sale, the executive vice president now 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 can be accessed through this link. Also, 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 value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,249 shares of company stock worth $9,865,866. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted 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, September 9th. Robert W. Baird lifted their price target on McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus reduced their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Tigress Financial lifted their target price on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, 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 research report on Tuesday, July 30th. Eleven equities 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 currently has a consensus rating of “Moderate Buy” and an average target price of $308.22.

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.