Fiduciary Alliance LLC Cuts Holdings in McDonald’s Co. (NYSE:MCD)

Fiduciary Alliance LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,494 shares of the fast-food giant’s stock after selling 55 shares during the quarter. Fiduciary Alliance LLC’s holdings in McDonald’s were worth $699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. D.B. Root & Company LLC lifted its position in McDonald’s by 5.4% during the first quarter. D.B. Root & Company LLC now owns 6,014 shares of the fast-food giant’s stock valued at $1,696,000 after purchasing an additional 310 shares during the period. Trilogy Capital Inc. lifted its holdings in shares of McDonald’s by 133.8% during the 1st quarter. Trilogy Capital Inc. now owns 1,665 shares of the fast-food giant’s stock valued at $469,000 after buying an additional 953 shares during the period. Cornerstone Wealth Group LLC boosted its stake in shares of McDonald’s by 59.0% in the 1st quarter. Cornerstone Wealth Group LLC now owns 31,153 shares of the fast-food giant’s stock worth $8,784,000 after buying an additional 11,554 shares during the last quarter. River Street Advisors LLC grew its holdings in shares of McDonald’s by 4.4% in the first quarter. River Street Advisors LLC now owns 4,000 shares of the fast-food giant’s stock worth $1,128,000 after acquiring an additional 169 shares during the period. Finally, Physician Wealth Advisors Inc. increased its position in McDonald’s by 8.8% during the first quarter. Physician Wealth Advisors Inc. now owns 1,750 shares of the fast-food giant’s stock valued at $465,000 after acquiring an additional 141 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Guggenheim cut their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. KeyCorp reduced their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. UBS Group reduced their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $315.14.

McDonald’s Price Performance

NYSE:MCD opened at $254.84 on Monday. The firm has a market capitalization of $183.66 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.87 and a beta of 0.71. The business has a 50 day simple moving average of $263.31 and a 200-day simple moving average of $279.07. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is currently owned by insiders.

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.