Mengis Capital Management Inc. Sells 77 Shares of McDonald’s Corporation $MCD

Mengis Capital Management Inc. cut its holdings in McDonald’s Corporation (NYSE:MCD) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,384 shares of the fast-food giant’s stock after selling 77 shares during the quarter. Mengis Capital Management Inc.’s holdings in McDonald’s were worth $1,281,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HFM Investment Advisors LLC bought a new stake in McDonald’s in the first quarter worth $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s in the first quarter worth $26,000. GFG Capital LLC bought a new stake in McDonald’s in the second quarter worth $29,000. Abound Financial LLC bought a new stake in McDonald’s in the first quarter worth $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in McDonald’s in the first quarter worth $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock valued at $1,973,407 in the last ninety days. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MCD shares. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a research report on Thursday, July 10th. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Melius started coverage on shares of McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective on the stock. Citigroup boosted their price objective on shares of McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Finally, BMO Capital Markets boosted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $324.73.

McDonald’s Trading Down 0.2%

Shares of MCD opened at $293.76 on Friday. The firm has a market capitalization of $209.63 billion, a P/E ratio of 25.17, a P/E/G ratio of 3.00 and a beta of 0.50. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a fifty day moving average price of $306.43 and a 200-day moving average price of $305.86.

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

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio is 60.67%.

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.