McDonald’s Corporation (NYSE:MCD) Position Lifted by Crewe Advisors LLC

Crewe Advisors LLC grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 26.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,591 shares of the fast-food giant’s stock after purchasing an additional 535 shares during the period. Crewe Advisors LLC’s holdings in McDonald’s were worth $809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Mascagni Wealth Management Inc. bought a new position in McDonald’s in the 4th quarter valued at about $25,000. Atala Financial Inc bought a new position in McDonald’s in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in McDonald’s in the 4th quarter valued at about $29,000. Fairway Wealth LLC grew its position in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald’s in the 4th quarter valued at about $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MCD shares. Erste Group Bank lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. BMO Capital Markets restated an “outperform” rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. TD Securities restated a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. Redburn Atlantic restated a “sell” rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Finally, Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $321.79.

McDonald’s Price Performance

NYSE MCD opened at $286.75 on Monday. The company has a 50 day simple moving average of $310.55 and a 200-day simple moving average of $302.86. The firm has a market capitalization of $205.04 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. McDonald’s Corporation has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 earnings per share. On average, analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s payout ratio is presently 62.49%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on 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 approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.