Mayfair Advisory Group LLC Has $804,000 Stock Position in McDonald’s Corporation (NYSE:MCD)

Mayfair Advisory Group LLC reduced its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,573 shares of the fast-food giant’s stock after selling 122 shares during the period. Mayfair Advisory Group LLC’s holdings in McDonald’s were worth $804,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in McDonald’s during the fourth quarter valued at approximately $25,000. Atala Financial Inc acquired a new position in McDonald’s during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in McDonald’s during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC raised its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald’s during the fourth quarter valued at approximately $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on MCD shares. Redburn Atlantic restated a “sell” rating and set a $260.00 price objective (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Citigroup upped their price target on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $324.00 price target (down from $329.00) on shares of McDonald’s in a report on Monday, June 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $321.79.

McDonald’s Trading Down 1.3%

Shares of McDonald’s stock opened at $292.35 on Wednesday. The business has a 50-day moving average price of $311.66 and a two-hundred day moving average price of $302.95. McDonald’s Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market cap of $209.04 billion, a P/E ratio of 25.80, a PEG ratio of 3.09 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the business posted $2.70 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. McDonald’s’s payout ratio is currently 62.49%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.25% of the company’s stock.

McDonald’s 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.