Capital Advisory Group Advisory Services LLC Boosts Position in McDonald’s Co. (NYSE:MCD)

Capital Advisory Group Advisory Services LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,582 shares of the fast-food giant’s stock after acquiring an additional 57 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in McDonald’s were worth $494,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. McKinley Carter Wealth Services Inc. increased its holdings in shares of McDonald’s by 3.7% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 12,898 shares of the fast-food giant’s stock valued at $4,029,000 after purchasing an additional 458 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in McDonald’s by 1.5% during the first quarter. Focus Financial Network Inc. now owns 13,606 shares of the fast-food giant’s stock worth $4,250,000 after buying an additional 200 shares in the last quarter. Donaldson Capital Management LLC grew its position in McDonald’s by 3.3% during the first quarter. Donaldson Capital Management LLC now owns 211,177 shares of the fast-food giant’s stock valued at $65,965,000 after buying an additional 6,742 shares during the period. My Legacy Advisors LLC grew its position in McDonald’s by 2.6% during the first quarter. My Legacy Advisors LLC now owns 4,802 shares of the fast-food giant’s stock valued at $1,500,000 after buying an additional 122 shares during the period. Finally, Curbstone Financial Management Corp increased its holdings in McDonald’s by 3.1% in the first quarter. Curbstone Financial Management Corp now owns 5,126 shares of the fast-food giant’s stock valued at $1,601,000 after buying an additional 154 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. Barclays raised their target price on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Morgan Stanley reissued an “equal weight” rating and issued a $324.00 price objective (down from $329.00) on shares of McDonald’s in a report on Monday. JPMorgan Chase & Co. upped their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Bank of America increased their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $321.79.

McDonald’s Stock Down 1.5%

Shares of NYSE:MCD opened at $300.25 on Wednesday. The company has a market cap of $214.69 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm’s 50-day simple moving average is $311.79 and its 200-day simple moving average is $302.84.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share 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 firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. McDonald’s’s quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio is presently 62.49%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

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.