TFC Financial Management Inc. Reduces Position in McDonald’s Corporation (NYSE:MCD)

TFC Financial Management Inc. cut its holdings in McDonald’s Corporation (NYSE:MCD) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 837 shares of the fast-food giant’s stock after selling 228 shares during the quarter. TFC Financial Management Inc.’s holdings in McDonald’s were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MCD. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $25,000. Atala Financial Inc bought a new stake in shares of McDonald’s in the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald’s in the fourth quarter worth approximately $29,000. Fairway Wealth LLC raised its holdings in shares of 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 during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald’s during the fourth quarter valued at approximately $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.1%

NYSE MCD opened at $285.79 on Friday. McDonald’s Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The company’s 50-day moving average price is $308.63 and its 200-day moving average price is $302.49. The stock has a market cap of $204.35 billion, a PE ratio of 25.22, a PEG ratio of 2.98 and a beta of 0.56.

McDonald’s (NYSE:MCD) last posted its 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 company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. McDonald’s’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced 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 2.48%. The ex-dividend date was Monday, June 2nd. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on MCD shares. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Robert W. Baird increased their target price on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 target price (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Finally, Barclays upped their price target on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $321.79.

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.