Cedar Mountain Advisors LLC Trims Stock Position in McDonald’s Co. (NYSE:MCD)

Cedar Mountain Advisors LLC trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 13.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,487 shares of the fast-food giant’s stock after selling 239 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in McDonald’s were worth $464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Brighton Jones LLC grew its stake in shares of McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 1,649 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in McDonald’s during the 4th quarter worth approximately $64,805,000. Revolve Wealth Partners LLC raised its holdings in shares of McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in shares of McDonald’s by 21.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 2,273 shares of the fast-food giant’s stock valued at $658,000 after purchasing an additional 407 shares in the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new stake in McDonald’s during the 4th quarter worth $446,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Down 0.5%

MCD stock opened at $307.44 on Friday. The business has a 50 day moving average price of $312.29 and a two-hundred day moving average price of $302.66. The company has a market cap of $219.83 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting 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 negative return on equity of 181.63% and a net margin of 31.73%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.70 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio is presently 62.49%.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Barclays increased their price objective on shares of McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $346.00 to $315.00 in a research report on Friday. Bank of America increased their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Thirteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $324.96.

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.