McDonald’s Corporation $MCD Shares Sold by OMC Financial Services LTD

OMC Financial Services LTD lowered its stake in McDonald’s Corporation (NYSE:MCD) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,434 shares of the fast-food giant’s stock after selling 277 shares during the period. McDonald’s comprises 2.3% of OMC Financial Services LTD’s investment portfolio, making the stock its 11th biggest position. OMC Financial Services LTD’s holdings in McDonald’s were worth $5,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MCD. Brighton Jones LLC raised its position in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC raised its position in McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC raised its position in McDonald’s by 10.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after purchasing an additional 258 shares in the last quarter. SSA Swiss Advisors AG purchased a new position in shares of McDonald’s in the 1st quarter valued at about $175,000. Finally, GAMMA Investing LLC increased its holdings in shares of McDonald’s by 25.3% in the 1st quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock valued at $3,498,000 after acquiring an additional 2,261 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MCD. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. BMO Capital Markets increased their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Citigroup dropped their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their price target on McDonald’s from $350.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Finally, Stifel Nicolaus raised their price target on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $324.41.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,463 shares of company stock worth $1,692,186 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.1%

McDonald’s stock opened at $307.36 on Wednesday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $219.33 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.25 and a beta of 0.50. The stock has a 50 day moving average of $306.47 and a two-hundred day moving average of $305.48.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the business earned $2.97 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.