Goldstone Financial Group LLC Sells 171 Shares of McDonald’s Co. (NYSE:MCD)

Goldstone Financial Group LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,853 shares of the fast-food giant’s stock after selling 171 shares during the quarter. Goldstone Financial Group LLC’s holdings in McDonald’s were worth $1,203,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. RTD Financial Advisors Inc. raised its position in shares of McDonald’s by 5.5% in the 1st quarter. RTD Financial Advisors Inc. now owns 1,100 shares of the fast-food giant’s stock valued at $344,000 after buying an additional 57 shares in the last quarter. CVA Family Office LLC raised its position in shares of McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after buying an additional 33 shares in the last quarter. Powers Advisory Group LLC raised its position in shares of McDonald’s by 1.9% in the 1st quarter. Powers Advisory Group LLC now owns 6,446 shares of the fast-food giant’s stock valued at $2,014,000 after buying an additional 122 shares in the last quarter. West Branch Capital LLC raised its position in shares of McDonald’s by 7.4% in the 1st quarter. West Branch Capital LLC now owns 10,693 shares of the fast-food giant’s stock valued at $3,340,000 after buying an additional 735 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its position in shares of McDonald’s by 12.4% in the 1st quarter. Everhart Financial Group Inc. now owns 4,951 shares of the fast-food giant’s stock valued at $1,546,000 after buying an additional 545 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.5%

McDonald’s stock opened at $301.57 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm’s fifty day moving average is $311.95 and its 200 day moving average is $302.92. The company has a market capitalization of $215.63 billion, a PE ratio of 26.48, a PEG ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the company earned $2.70 EPS. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. Sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. McDonald’s’s payout ratio is 62.49%.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Northcoast Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Piper Sandler lifted their price target on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Erste Group Bank lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. TD Securities reaffirmed a “hold” rating and set a $305.00 price target on shares of McDonald’s in a report on Thursday, June 5th. Finally, Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $321.79.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.