Gables Capital Management Inc. Sells 1,119 Shares of McDonald’s Corporation $MCD

Gables Capital Management Inc. decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,871 shares of the fast-food giant’s stock after selling 1,119 shares during the quarter. McDonald’s makes up about 1.9% of Gables Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. Gables Capital Management Inc.’s holdings in McDonald’s were worth $4,053,000 at the end of the most recent quarter.

Several other institutional investors have 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 during 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 during 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 during the last quarter. SSA Swiss Advisors AG bought a new position in McDonald’s in the 1st quarter valued at $175,000. Finally, GAMMA Investing LLC raised its position in 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 purchasing an additional 2,261 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on 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 $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction 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 sale, the executive vice president directly owned 99 shares of the company’s stock, 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 sold a total of 5,463 shares of company stock valued at $1,692,186 over the last three months. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.1%

Shares of McDonald’s stock opened at $307.36 on Wednesday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The business has a fifty day simple moving average of $306.47 and a 200 day simple moving average of $305.48. The stock has a market cap of $219.33 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping 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 business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm earned $2.97 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. TD Cowen boosted their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Citigroup dropped their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday. KeyCorp restated an “overweight” rating and set a $335.00 target price on shares of McDonald’s in a research report on Monday. 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 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $324.41.

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.