McDonald’s Co. (NYSE:MCD) Shares Sold by D Orazio & Associates Inc.

D Orazio & Associates Inc. trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,322 shares of the fast-food giant’s stock after selling 71 shares during the period. D Orazio & Associates Inc.’s holdings in McDonald’s were worth $725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Hengehold Capital Management LLC increased its position in McDonald’s by 2.3% during the first quarter. Hengehold Capital Management LLC now owns 13,766 shares of the fast-food giant’s stock worth $4,300,000 after purchasing an additional 310 shares during the last quarter. Brighton Jones LLC lifted its stake in McDonald’s by 16.1% in the first quarter. Brighton Jones LLC now owns 10,778 shares of the fast-food giant’s stock worth $3,367,000 after acquiring an additional 1,492 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in McDonald’s by 60.5% in the first quarter. Exchange Traded Concepts LLC now owns 15,708 shares of the fast-food giant’s stock worth $4,907,000 after acquiring an additional 5,920 shares during the last quarter. Pinion Investment Advisors LLC lifted its stake in McDonald’s by 6.4% in the first quarter. Pinion Investment Advisors LLC now owns 5,317 shares of the fast-food giant’s stock worth $1,661,000 after acquiring an additional 319 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its position in shares of McDonald’s by 1.5% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 5,994 shares of the fast-food giant’s stock worth $1,872,000 after buying an additional 90 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Citigroup boosted their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Erste Group Bank cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $321.79.

McDonald’s Stock Down 0.5%

NYSE:MCD opened at $301.57 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $215.63 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The stock has a fifty day simple moving average of $311.95 and a 200 day simple moving average of $302.97.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting 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 business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the company posted $2.70 EPS. McDonald’s’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. McDonald’s’s payout ratio is presently 62.49%.

About McDonald’s

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.