McDonald’s Co. (NYSE:MCD) Shares Sold by Albion Financial Group UT

Albion Financial Group UT cut its holdings in McDonald’s Co. (NYSE:MCD) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,349 shares of the fast-food giant’s stock after selling 44 shares during the quarter. Albion Financial Group UT’s holdings in McDonald’s were worth $8,275,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald’s during the first quarter worth approximately $28,000. Signature Resources Capital Management LLC acquired a new stake in McDonald’s during the fourth quarter worth approximately $31,000. Spartan Planning & Wealth Management acquired a new stake in McDonald’s during the third quarter worth approximately $33,000. Clear Investment Research LLC acquired a new stake in McDonald’s during the fourth quarter worth approximately $38,000. Finally, Keener Financial Planning LLC purchased a new position in McDonald’s during the fourth quarter worth approximately $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. In the last three months, insiders sold 5,593 shares of company stock valued at $1,472,518. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MCD shares. Bank of America cut their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Stifel Nicolaus cut 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 note on Thursday, April 11th. The Goldman Sachs Group started coverage on shares of McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target on the stock. TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research note on Thursday, June 13th. Finally, Morgan Stanley cut their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $313.89.

McDonald’s Trading Up 0.9 %

MCD stock traded up $2.21 during mid-day trading on Wednesday, hitting $250.00. 2,026,027 shares of the company were exchanged, compared to its average volume of 3,426,628. The company has a market capitalization of $180.17 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.87 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 firm has a fifty day simple moving average of $262.22 and a 200 day simple moving average of $278.52.

McDonald’s (NYSE:MCD) last posted its quarterly 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 net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period last year, the firm posted $2.63 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

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.