McDonald’s Co. (NYSE:MCD) Position Reduced by F M Investments LLC

F M Investments LLC trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,103 shares of the fast-food giant’s stock after selling 101 shares during the quarter. F M Investments LLC’s holdings in McDonald’s were worth $1,513,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Shulman DeMeo Asset Management LLC boosted its stake in McDonald’s by 12.2% during 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 acquiring an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC boosted its stake in McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after acquiring an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in McDonald’s by 2.8% during 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 acquiring an additional 301 shares during the last quarter. Mengis Capital Management Inc. boosted its stake in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after acquiring an additional 331 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its stake in McDonald’s by 7.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after acquiring an additional 88 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. TD Cowen restated a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday, April 10th. Robert W. Baird restated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Stifel Nicolaus reduced their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Finally, Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Stock Up 0.4 %

McDonald’s stock traded up $1.23 during trading hours on Tuesday, hitting $276.81. 3,275,408 shares of the company traded hands, compared to its average volume of 3,243,950. The firm has a market cap of $199.58 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.99 and a beta of 0.71. The firm’s 50-day simple moving average is $282.61 and its two-hundred day simple moving average is $281.45. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the firm earned $2.59 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. McDonald’s’s payout ratio is currently 57.74%.

Insider Buying and Selling

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

About McDonald’s

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.