MV Capital Management Inc. Trims Position in McDonald’s Co. (NYSE:MCD)

MV Capital Management Inc. lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,789 shares of the fast-food giant’s stock after selling 132 shares during the period. MV Capital Management Inc.’s holdings in McDonald’s were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its stake in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in McDonald’s during the fourth quarter worth about $64,805,000. Revolve Wealth Partners LLC increased its stake in McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the fourth quarter worth about $27,000. Finally, Soltis Investment Advisors LLC increased its stake in McDonald’s by 2.7% during the fourth quarter. Soltis Investment Advisors LLC now owns 2,946 shares of the fast-food giant’s stock worth $854,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $324.00 price objective (down from $329.00) on shares of McDonald’s in a research report on Monday. Barclays boosted their price objective on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price objective (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Finally, Citigroup boosted their price objective on McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average target price of $321.79.

McDonald’s Price Performance

Shares of NYSE MCD opened at $300.25 on Wednesday. The stock has a fifty day moving average price of $311.79 and a 200 day moving average price of $302.84. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market cap of $214.69 billion, a PE ratio of 26.36, a P/E/G 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 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the company earned $2.70 earnings per share. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

Insider Buying and Selling at McDonald’s

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

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.