Tealwood Asset Management Inc. Lowers Position in McDonald’s Corporation $MCD

Tealwood Asset Management Inc. decreased its position in McDonald’s Corporation (NYSE:MCD) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,922 shares of the fast-food giant’s stock after selling 195 shares during the period. Tealwood Asset Management Inc.’s holdings in McDonald’s were worth $2,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in McDonald’s in the 1st quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s in the first quarter valued at approximately $26,000. Abound Financial LLC purchased a new stake in shares of McDonald’s in the first quarter valued at approximately $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the first quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of McDonald’s during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. KeyCorp restated an “overweight” rating and set a $335.00 target price (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. TD Securities reissued a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 5th. Barclays boosted their price target on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Finally, Evercore ISI boosted their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $325.86.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,402 shares of company stock valued at $2,273,407. 0.25% of the stock is owned by company insiders.

McDonald’s Stock Performance

NYSE MCD opened at $302.56 on Tuesday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company’s 50 day moving average price is $306.62 and its 200 day moving average price is $306.27. The firm has a market capitalization of $215.91 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.11 and a beta of 0.49.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

About McDonald’s

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.