Quantum Financial Advisors LLC Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Quantum Financial Advisors LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 37.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,108 shares of the fast-food giant’s stock after selling 668 shares during the quarter. Quantum Financial Advisors LLC’s holdings in McDonald’s were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of MCD. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald’s in the fourth quarter valued at $25,000. Atala Financial Inc acquired a new stake in McDonald’s in the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald’s in the 4th quarter valued at about $29,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $313.68 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market capitalization of $224.29 billion, a PE ratio of 27.54, a P/E/G ratio of 3.10 and a beta of 0.57. The stock has a 50-day simple moving average of $312.40 and a 200 day simple moving average of $302.03.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the prior year, the firm posted $2.70 EPS. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MCD shares. BMO Capital Markets reiterated an “outperform” rating and set a $345.00 target price (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Morgan Stanley reduced their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Citigroup boosted 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. Finally, Erste Group Bank lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Twelve investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.91.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the 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 sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by 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.