McDonald’s Co. (NYSE:MCD) Shares Sold by LVW Advisors LLC

LVW Advisors LLC trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,069 shares of the fast-food giant’s stock after selling 784 shares during the quarter. LVW Advisors LLC’s holdings in McDonald’s were worth $2,557,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in McDonald’s during the 4th quarter valued at $31,000. Spartan Planning & Wealth Management bought a new position in McDonald’s during the 3rd quarter valued at $33,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $38,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $39,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 1.3 %

NYSE:MCD opened at $254.84 on Monday. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company has a 50-day moving average of $263.31 and a 200-day moving average of $279.07. The firm has a market cap of $183.66 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71.

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

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. UBS Group dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Guggenheim dropped their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $315.14.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock worth $1,100,625 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.