RFG Advisory LLC Sells 994 Shares of McDonald’s Co. (NYSE:MCD)

RFG Advisory LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 9.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,085 shares of the fast-food giant’s stock after selling 994 shares during the period. RFG Advisory LLC’s holdings in McDonald’s were worth $2,843,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BTC Capital Management Inc. acquired a new stake in McDonald’s in the first quarter worth about $627,000. CVA Family Office LLC grew its position in shares of McDonald’s by 3.5% during the 1st quarter. CVA Family Office LLC now owns 1,551 shares of the fast-food giant’s stock worth $437,000 after buying an additional 53 shares during the period. Buckingham Capital Management Inc. raised its stake in shares of McDonald’s by 1.4% during the first quarter. Buckingham Capital Management Inc. now owns 8,312 shares of the fast-food giant’s stock worth $2,344,000 after buying an additional 115 shares during the last quarter. Fragasso Group Inc. raised its stake in shares of McDonald’s by 1.3% during the first quarter. Fragasso Group Inc. now owns 3,672 shares of the fast-food giant’s stock worth $1,035,000 after buying an additional 46 shares during the last quarter. Finally, Atwood & Palmer Inc. lifted its holdings in McDonald’s by 2.0% in the first quarter. Atwood & Palmer Inc. now owns 3,203 shares of the fast-food giant’s stock valued at $903,000 after buying an additional 63 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. TD Cowen restated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 13th. Finally, UBS Group lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

McDonald’s Stock Performance

NYSE:MCD opened at $259.39 on Friday. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The company has a market cap of $186.94 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.86 and a beta of 0.71. The stock’s 50-day simple moving average is $264.43 and its 200 day simple moving average is $280.25.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.63 EPS. As a group, equities analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Activity

In other news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 2,997 shares of company stock valued at $815,145 in the last quarter. Company insiders own 0.23% of the company’s stock.

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.