McDonald’s Co. (NYSE:MCD) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its holdings in McDonald’s Co. (NYSE:MCD) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 90,736 shares of the fast-food giant’s stock after selling 3,434 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in McDonald’s were worth $26,904,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ironwood Wealth Management LLC. lifted its position in shares of McDonald’s by 2.6% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock worth $1,031,000 after purchasing an additional 100 shares during the last quarter. WESPAC Advisors LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth $224,000. Baystate Wealth Management LLC lifted its position in shares of McDonald’s by 2.8% during the 3rd quarter. Baystate Wealth Management LLC now owns 2,561 shares of the fast-food giant’s stock worth $675,000 after purchasing an additional 69 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of McDonald’s by 5.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 188,421 shares of the fast-food giant’s stock worth $49,659,000 after purchasing an additional 10,396 shares during the last quarter. Finally, Kanawha Capital Management LLC lifted its position in shares of McDonald’s by 1.1% during the 3rd quarter. Kanawha Capital Management LLC now owns 86,924 shares of the fast-food giant’s stock worth $22,899,000 after purchasing an additional 905 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. BMO Capital Markets decreased their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Royal Bank of Canada reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s Trading Down 0.9 %

Shares of McDonald’s stock traded down $2.31 on Tuesday, reaching $266.99. 3,159,583 shares of the stock were exchanged, compared to its average volume of 3,309,868. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The business has a fifty day moving average price of $278.43 and a two-hundred day moving average price of $282.90. The firm has a market capitalization of $192.50 billion, a PE ratio of 22.66, a PEG ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts expect that McDonald’s Co. will post 12.18 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.