Forte Capital LLC ADV Sells 100 Shares of McDonald’s Co. (NYSE:MCD)

Forte Capital LLC ADV reduced its position in McDonald’s Co. (NYSE:MCD) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 906 shares of the fast-food giant’s stock after selling 100 shares during the period. Forte Capital LLC ADV’s holdings in McDonald’s were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independent Wealth Network Inc. lifted its position in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd raised its holdings in McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after purchasing an additional 36 shares during the last quarter. Mechanics Financial Corp boosted its position in McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after purchasing an additional 36 shares in the last quarter. Unique Wealth LLC grew its holdings in McDonald’s by 1.2% in the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares during the last quarter. Finally, Patron Partners LLC increased its position in shares of McDonald’s by 0.7% in the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after buying an additional 38 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

MCD traded down $2.96 on Friday, reaching $270.32. 2,642,344 shares of the company’s stock were exchanged, compared to its average volume of 3,812,742. The company has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company’s 50 day moving average is $279.53 and its 200-day moving average is $282.35.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS 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 180.54%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the business posted $2.63 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Sell-side analysts forecast that McDonald’s Co. will post 12.18 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MCD shares. StockNews.com cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Wedbush lowered their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Robert W. Baird lowered their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, UBS Group reduced their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Nine 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $317.74.

Insider Activity at McDonald’s

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