McDonald’s Co. (NYSE:MCD) Shares Sold by AlphaMark Advisors LLC

AlphaMark Advisors LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,035 shares of the fast-food giant’s stock after selling 100 shares during the quarter. AlphaMark Advisors LLC’s holdings in McDonald’s were worth $292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Independent Wealth Network Inc. boosted its holdings in shares of McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after purchasing an additional 35 shares during the last quarter. Concentric Wealth Management LLC lifted its holdings in shares of McDonald’s by 1.4% during the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after acquiring an additional 35 shares in the last quarter. Paragon Capital Management Ltd lifted its holdings in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares in the last quarter. Mechanics Financial Corp lifted its holdings in shares of McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after acquiring an additional 36 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of McDonald’s by 2.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after acquiring an additional 36 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.0 %

MCD opened at $250.01 on Tuesday. The firm has a market cap of $180.18 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company’s 50-day moving average price is $263.31 and its 200 day moving average price is $279.07.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 EPS. Research analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.67%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analyst Weigh In

MCD has been the topic of several recent research reports. Citigroup reduced their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Bank of America cut their price objective on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, Evercore ISI reiterated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock worth $1,100,625 over the last quarter. 0.23% of the stock is owned by company insiders.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.