Chapin Davis Inc. Sells 217 Shares of McDonald’s Co. (NYSE:MCD)

Chapin Davis Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,964 shares of the fast-food giant’s stock after selling 217 shares during the quarter. Chapin Davis Inc.’s holdings in McDonald’s were worth $554,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock worth $20,473,811,000 after buying an additional 599,745 shares during the period. Norges Bank bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $2,684,899,000. Price T Rowe Associates Inc. MD increased its holdings in shares of McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after acquiring an additional 987,099 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after acquiring an additional 5,609,736 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock valued at $1,589,073,000 after acquiring an additional 35,639 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 1.9 %

Shares of MCD opened at $249.99 on Tuesday. The company has a market cap of $180.16 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71. The stock has a 50-day moving average price of $263.31 and a 200-day moving average price of $279.07. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

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

McDonald’s Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. 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. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MCD. BMO Capital Markets decreased their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Bank of America decreased their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Guggenheim decreased their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Citigroup decreased their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Company 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.