McDonald’s Corporation $MCD Shares Sold by OMC Financial Services LTD

OMC Financial Services LTD cut its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,434 shares of the fast-food giant’s stock after selling 277 shares during the period. McDonald’s accounts for 2.3% of OMC Financial Services LTD’s holdings, making the stock its 11th biggest position. OMC Financial Services LTD’s holdings in McDonald’s were worth $5,678,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First American Trust FSB raised its holdings in shares of McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after acquiring an additional 13,234 shares during the last quarter. Banque Transatlantique SA raised its holdings in shares of McDonald’s by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after acquiring an additional 91,313 shares during the last quarter. Hamilton Capital LLC raised its holdings in shares of McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after acquiring an additional 819 shares during the last quarter. Welch Group LLC raised its holdings in shares of McDonald’s by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in shares of McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after acquiring an additional 109 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value 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 position. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock valued at $1,692,186 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.1%

MCD stock opened at $307.36 on Wednesday. The stock has a 50-day moving average price of $306.47 and a two-hundred day moving average price of $305.48. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The company 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 posted its quarterly 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. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MCD shares. Royal Bank Of Canada started coverage on McDonald’s in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. BMO Capital Markets lifted their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Barclays lifted their price objective on McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Evercore ISI lifted their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $324.41.

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.