LVW Advisors LLC Sells 784 Shares of McDonald’s Co. (NYSE:MCD)

LVW Advisors LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,069 shares of the fast-food giant’s stock after selling 784 shares during the period. LVW Advisors LLC’s holdings in McDonald’s were worth $2,557,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MCD. Signature Resources Capital Management LLC bought a new position in McDonald’s during the fourth quarter valued at $31,000. Spartan Planning & Wealth Management purchased a new stake in shares of McDonald’s during the third quarter worth $33,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $38,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $39,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $39,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 1.3 %

Shares of MCD opened at $254.84 on Monday. The business’s 50 day moving average price is $263.31 and its 200-day moving average price is $279.07. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a market cap of $183.66 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.87 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 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 period in the prior year, the firm earned $2.63 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued 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 payout ratio is 56.71%.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Bank of America dropped their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. BMO Capital Markets lowered their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley lowered their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. TD Cowen reiterated a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 13th. Finally, JPMorgan Chase & Co. increased their price objective on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $315.14.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders have sold 4,095 shares of company stock valued at $1,100,625 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

About McDonald’s

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.