RWWM Inc. Sells 200 Shares of McDonald’s Co. (NYSE:MCD)

RWWM Inc. lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 19.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 849 shares of the fast-food giant’s stock after selling 200 shares during the period. McDonald’s comprises approximately 0.0% of RWWM Inc.’s investment portfolio, making the stock its 20th biggest holding. RWWM Inc.’s holdings in McDonald’s were worth $216,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MCD. Vanguard Group Inc. raised its holdings in shares of McDonald’s by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after buying an additional 987,099 shares in the last quarter. Gallagher Fiduciary Advisors LLC lifted its holdings in McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after buying an additional 5,609,736 shares during the period. Capital Research Global Investors boosted its position in McDonald’s by 66.9% during the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after acquiring an additional 2,193,769 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of McDonald’s by 39.7% in the 1st quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock valued at $1,005,264,000 after acquiring an additional 1,012,534 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. KeyCorp dropped their price objective on McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Tuesday, September 10th. Evercore ISI increased their target price on shares of McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Citigroup lifted their price target on shares of McDonald’s from $275.00 to $301.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Finally, Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $306.11.

McDonald’s Trading Up 1.0 %

Shares of MCD stock opened at $296.83 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock has a market cap of $213.92 billion, a P/E ratio of 25.20, a P/E/G ratio of 3.88 and a beta of 0.72. The stock has a 50 day moving average of $277.30 and a 200 day moving average of $270.57.

McDonald’s (NYSE:MCD) last posted its 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). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm earned $3.17 earnings per share. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the company’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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $446,721.60. 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 ninety days. 0.23% of the stock is currently owned by corporate 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.