Bahl & Gaynor Inc. Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Bahl & Gaynor Inc. cut its stake in McDonald’s Co. (NYSE:MCD) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,131,681 shares of the fast-food giant’s stock after selling 15,317 shares during the period. McDonald’s comprises about 1.6% of Bahl & Gaynor Inc.’s holdings, making the stock its 20th largest holding. Bahl & Gaynor Inc.’s holdings in McDonald’s were worth $288,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MCD. Mitchell Sinkler & Starr PA acquired a new stake in shares of McDonald’s during the second quarter worth about $247,000. Trifecta Capital Advisors LLC lifted its stake in McDonald’s by 72.2% in the second quarter. Trifecta Capital Advisors LLC now owns 422 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 177 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of McDonald’s by 8.2% in the second quarter. LPL Financial LLC now owns 1,105,675 shares of the fast-food giant’s stock valued at $281,770,000 after acquiring an additional 83,807 shares during the period. HHM Wealth Advisors LLC grew its position in shares of McDonald’s by 19.6% during the second quarter. HHM Wealth Advisors LLC now owns 719 shares of the fast-food giant’s stock worth $183,000 after acquiring an additional 118 shares during the last quarter. Finally, Marco Investment Management LLC increased its holdings in shares of McDonald’s by 2.0% in the 2nd quarter. Marco Investment Management LLC now owns 14,672 shares of the fast-food giant’s stock valued at $3,739,000 after acquiring an additional 291 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Monday, July 29th. Morgan Stanley dropped their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Tigress Financial increased their price objective on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Barclays decreased their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Finally, Citigroup reduced their price target on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.41.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Marion K. Gross sold 1,498 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,291 shares of company stock valued at $1,689,073. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.0 %

Shares of McDonald’s stock opened at $291.27 on Wednesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The business’s fifty day moving average is $270.34 and its two-hundred day moving average is $270.52. The firm has a market cap of $209.91 billion, a PE ratio of 24.73, a P/E/G ratio of 3.87 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released 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). The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $3.17 earnings per share. Equities research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.29%. McDonald’s’s payout ratio is 56.71%.

McDonald’s Company 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.