Weatherly Asset Management L. P. Sells 14 Shares of McDonald’s Corporation (MCD)

Weatherly Asset Management L. P. cut its stake in McDonald’s Corporation (NYSE:MCD) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,085 shares of the fast-food giant’s stock after selling 14 shares during the quarter. Weatherly Asset Management L. P.’s holdings in McDonald’s Corporation were worth $1,238,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MCD. Waldron LP acquired a new stake in shares of McDonald’s Corporation in the 1st quarter worth $260,000. BTR Capital Management Inc. increased its stake in shares of McDonald’s Corporation by 0.7% in the 1st quarter. BTR Capital Management Inc. now owns 4,531 shares of the fast-food giant’s stock worth $587,000 after acquiring an additional 31 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of McDonald’s Corporation by 4.3% in the 1st quarter. Acadian Asset Management LLC now owns 741,714 shares of the fast-food giant’s stock worth $96,137,000 after acquiring an additional 30,377 shares during the last quarter. Headinvest LLC increased its stake in shares of McDonald’s Corporation by 19.2% in the 1st quarter. Headinvest LLC now owns 3,291 shares of the fast-food giant’s stock worth $427,000 after acquiring an additional 530 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its stake in shares of McDonald’s Corporation by 7.4% in the 1st quarter. Sit Investment Associates Inc. now owns 2,975 shares of the fast-food giant’s stock worth $386,000 after acquiring an additional 204 shares during the last quarter. 67.92% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the transaction, the chief financial officer now owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock valued at $11,033,009 in the last three months. 0.24% of the stock is currently owned by company insiders.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 159.60 on Monday. The firm has a market cap of $129.28 billion, a price-to-earnings ratio of 26.13 and a beta of 0.69. The stock’s 50 day moving average price is $158.15 and its 200 day moving average price is $149.51. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 earnings per share. Equities research analysts predict that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.53%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

A number of brokerages have issued reports on MCD. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Longbow Research reaffirmed a “neutral” rating on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Barclays PLC set a $164.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $166.41.

TRADEMARK VIOLATION WARNING: “Weatherly Asset Management L. P. Sells 14 Shares of McDonald’s Corporation (MCD)” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://transcriptdaily.com/2017/10/09/weatherly-asset-management-l-p-sells-14-shares-of-mcdonalds-corporation-mcd.html.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD).

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply