Mattson Financial Services LLC Sells 53 Shares of McDonald’s Corporation $MCD

Mattson Financial Services LLC trimmed its position in McDonald’s Corporation (NYSE:MCD) by 0.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,115 shares of the fast-food giant’s stock after selling 53 shares during the period. McDonald’s makes up approximately 1.0% of Mattson Financial Services LLC’s portfolio, making the stock its 27th biggest position. Mattson Financial Services LLC’s holdings in McDonald’s were worth $3,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Brighton Jones LLC increased 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 buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased 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 buying an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in McDonald’s by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock valued at $60,722,000 after buying an additional 27,774 shares in the last quarter. GHE LLC increased its position in McDonald’s by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock valued at $4,255,000 after buying an additional 136 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in McDonald’s in the 4th quarter valued at about $331,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,341 shares of company stock valued at $2,544,327. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MCD. Melius began coverage on McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price for the company. Argus downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. TD Securities reissued a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. KeyCorp reissued an “overweight” rating and issued a $335.00 price objective (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Finally, BMO Capital Markets increased their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $325.14.

McDonald’s Stock Down 2.0%

MCD stock opened at $306.17 on Thursday. The firm has a market cap of $218.48 billion, a PE ratio of 26.24, a P/E/G ratio of 3.18 and a beta of 0.50. The business has a 50 day moving average of $304.80 and a 200-day moving average of $306.60. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is currently 60.67%.

McDonald’s 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.