RFG Advisory LLC Trims Holdings in McDonald’s Co. (NYSE:MCD)

RFG Advisory LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 9.0% in the 1st quarter, Holdings Channel reports. The fund owned 10,085 shares of the fast-food giant’s stock after selling 994 shares during the quarter. RFG Advisory LLC’s holdings in McDonald’s were worth $2,843,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Independent Wealth Network Inc. grew its holdings in shares of McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the last quarter. Concentric Wealth Management LLC grew its stake in McDonald’s by 1.4% in the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after acquiring an additional 35 shares in the last quarter. Paragon Capital Management Ltd increased its position in shares of 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 acquiring an additional 36 shares during the period. Mechanics Financial Corp raised its stake in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after acquiring an additional 36 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of McDonald’s by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after purchasing an additional 36 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of MCD opened at $259.39 on Friday. The firm has a market capitalization of $186.94 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.86 and a beta of 0.71. The company’s fifty day moving average price is $264.43 and its 200-day moving average price is $280.25. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly 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 net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated 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 directly owns 15,878 shares in the company, valued at $4,209,734.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,997 shares of company stock worth $815,145. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MCD shares. Robert W. Baird decreased their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Bank of America cut their target price on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Stifel Nicolaus lowered their price target 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. Finally, Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Ten 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

McDonald’s Company 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.