McDonald’s Co. (NYSE:MCD) Position Trimmed by Financial Security Advisor Inc.

Financial Security Advisor Inc. lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.6% during the 1st quarter, HoldingsChannel reports. The fund owned 15,156 shares of the fast-food giant’s stock after selling 98 shares during the period. McDonald’s accounts for approximately 1.5% of Financial Security Advisor Inc.’s portfolio, making the stock its 13th biggest holding. Financial Security Advisor Inc.’s holdings in McDonald’s were worth $4,273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MCD. Roffman Miller Associates Inc. PA grew its stake in shares of McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its stake in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services grew its stake in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD traded down $2.20 on Tuesday, reaching $247.79. 3,942,310 shares of the stock traded hands, compared to its average volume of 3,437,717. The stock’s 50-day moving average price is $262.80 and its 200-day moving average price is $278.79. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The firm has a market cap of $178.58 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.87 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the company earned $2.63 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup lowered their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Argus restated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. BMO Capital Markets reduced their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $313.89.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold 4,095 shares of company stock worth $1,100,625 over the last three months. Company insiders own 0.23% of the company’s stock.

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.