McDonald’s Corporation (NYSE:MCD) is Investment Advisory Services Inc. TX ADV’s 10th Largest Position

Investment Advisory Services Inc. TX ADV lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,411 shares of the fast-food giant’s stock after selling 191 shares during the quarter. McDonald’s makes up about 2.0% of Investment Advisory Services Inc. TX ADV’s investment portfolio, making the stock its 10th biggest position. Investment Advisory Services Inc. TX ADV’s holdings in McDonald’s were worth $5,439,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. DLK Investment Management LLC grew its holdings in McDonald’s by 3.3% in the first quarter. DLK Investment Management LLC now owns 15,843 shares of the fast-food giant’s stock valued at $4,949,000 after purchasing an additional 500 shares during the period. KPP Advisory Services LLC raised its position in shares of McDonald’s by 26.0% in the 1st quarter. KPP Advisory Services LLC now owns 5,630 shares of the fast-food giant’s stock worth $1,759,000 after buying an additional 1,162 shares during the period. Sabal Trust CO boosted its holdings in McDonald’s by 0.5% in the first quarter. Sabal Trust CO now owns 98,396 shares of the fast-food giant’s stock valued at $30,736,000 after acquiring an additional 517 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in McDonald’s by 14.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 607 shares of the fast-food giant’s stock valued at $190,000 after acquiring an additional 77 shares during the period. Finally, Nova R Wealth Inc. raised its holdings in shares of McDonald’s by 8.7% in the 1st quarter. Nova R Wealth Inc. now owns 1,255 shares of the fast-food giant’s stock worth $392,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research reports. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Robert W. Baird increased their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $324.00 target price (down previously from $329.00) on shares of McDonald’s in a research note on Monday, June 9th. KeyCorp increased their price target on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Finally, Citigroup raised their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average target price of $321.79.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider now directly owns 10,222 shares of the company’s stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,817 shares of company stock worth $865,843 in the last three months. 0.25% of the stock is owned by company insiders.

McDonald’s Trading Down 2.0%

Shares of NYSE MCD opened at $285.78 on Thursday. McDonald’s Corporation has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market cap of $204.34 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. The stock’s 50 day simple moving average is $309.13 and its 200 day simple moving average is $302.60.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the company earned $2.70 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

McDonald’s Company Profile

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.