Neville Rodie & Shaw Inc. Has $7.04 Million Holdings in McDonald’s Corporation $MCD

Neville Rodie & Shaw Inc. cut its position in shares of McDonald’s Corporation (NYSE:MCD) by 3.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 24,110 shares of the fast-food giant’s stock after selling 800 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in McDonald’s were worth $7,044,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Central Pacific Bank Trust Division increased its position in shares of McDonald’s by 12.5% during the second quarter. Central Pacific Bank Trust Division now owns 2,898 shares of the fast-food giant’s stock worth $847,000 after buying an additional 322 shares during the period. Park National Corp OH increased its position in shares of McDonald’s by 6.6% during the second quarter. Park National Corp OH now owns 133,134 shares of the fast-food giant’s stock worth $38,898,000 after buying an additional 8,240 shares during the period. Kera Capital Partners Inc. acquired a new stake in shares of McDonald’s during the second quarter worth $1,015,000. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of McDonald’s during the first quarter worth $8,289,000. Finally, Voya Investment Management LLC increased its position in shares of McDonald’s by 16.1% during the first quarter. Voya Investment Management LLC now owns 710,161 shares of the fast-food giant’s stock worth $221,833,000 after buying an additional 98,288 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 1.0%

McDonald’s stock opened at $305.49 on Friday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm has a market capitalization of $218.00 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.50. The firm’s fifty day moving average price is $305.33 and its two-hundred day moving average price is $306.57.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

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

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock valued at $2,544,327 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MCD shares. Bank of America decreased their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Guggenheim restated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. TD Cowen raised their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Citigroup raised their price target on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Stifel Nicolaus raised their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $325.14.

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.