KRS Capital Management LLC Cuts Holdings in McDonald’s Co. (NYSE:MCD)

KRS Capital Management LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 10.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,852 shares of the fast-food giant’s stock after selling 322 shares during the period. KRS Capital Management LLC’s holdings in McDonald’s were worth $804,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MCD. Signature Resources Capital Management LLC purchased a new position in McDonald’s in the fourth quarter valued at about $31,000. Spartan Planning & Wealth Management purchased a new position in McDonald’s in the third quarter valued at about $33,000. Clear Investment Research LLC purchased a new position in McDonald’s in the fourth quarter valued at about $38,000. Atlantic Edge Private Wealth Management LLC purchased a new position in McDonald’s in the fourth quarter valued at about $39,000. Finally, Keener Financial Planning LLC purchased a new position in McDonald’s in the fourth quarter valued at about $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Down 1.3 %

Shares of NYSE:MCD opened at $254.84 on Friday. The company’s fifty day moving average is $263.31 and its two-hundred day moving average is $279.28. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market cap of $183.66 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.91 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 earnings per share (EPS) 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 analyst estimates of $6.16 billion. During the same period last year, the firm earned $2.63 earnings per share. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on MCD. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. The Goldman Sachs Group initiated coverage on McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price on the stock. Stifel Nicolaus dropped their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. Finally, Morgan Stanley dropped their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

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.