Exane Derivatives Trims Stock Position in McDonald’s Co. (NYSE:MCD)

Exane Derivatives cut its stake in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,867 shares of the fast-food giant’s stock after selling 949 shares during the quarter. McDonald’s makes up approximately 0.6% of Exane Derivatives’ holdings, making the stock its 29th biggest holding. Exane Derivatives’ holdings in McDonald’s were worth $2,192,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norwood Financial Corp purchased a new position in McDonald’s during the fourth quarter valued at approximately $27,000. Castle Financial & Retirement Planning Associates Inc. purchased a new position in McDonald’s in the fourth quarter worth $34,000. Conrad Siegel Investment Advisors Inc. purchased a new position in McDonald’s in the first quarter worth $37,000. Horan Securities Inc. purchased a new position in McDonald’s in the fourth quarter worth $45,000. Finally, McClarren Financial Advisors Inc. grew its holdings in McDonald’s by 187.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 187 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 122 shares during the last quarter. 68.44% of the stock is currently owned by institutional investors and hedge funds.

In other McDonald’s news, insider Joseph M. Erlinger sold 5,892 shares of the stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $249.23, for a total value of $1,468,463.16. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,040,446.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

McDonald’s stock traded up $6.08 during mid-day trading on Monday, reaching $252.96. 136,385 shares of the company’s stock were exchanged, compared to its average volume of 3,163,626. The company has a market cap of $187.08 billion, a P/E ratio of 26.71, a P/E/G ratio of 3.22 and a beta of 0.55. McDonald’s Co. has a twelve month low of $217.68 and a twelve month high of $271.15. The company has a fifty day moving average of $244.75 and a 200-day moving average of $249.12.

McDonald’s (NYSE:MCDGet Rating) last released its earnings results on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. The company had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.57 billion. McDonald’s had a net margin of 29.93% and a negative return on equity of 131.20%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. Equities research analysts forecast that McDonald’s Co. will post 9.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Monday, June 6th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, June 3rd. This represents a $5.52 dividend on an annualized basis and a yield of 2.18%. McDonald’s’s dividend payout ratio (DPR) is presently 58.29%.

Several research firms have recently commented on MCD. Atlantic Securities upgraded shares of McDonald’s from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $245.00 to $278.00 in a research note on Wednesday, June 29th. UBS Group cut their price objective on shares of McDonald’s from $300.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, March 30th. Barclays cut their price objective on shares of McDonald’s from $300.00 to $289.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Citigroup boosted their target price on shares of McDonald’s from $270.00 to $273.00 in a research note on Friday, April 29th. Finally, Morgan Stanley cut their target price on shares of McDonald’s from $294.00 to $287.00 and set an “overweight” rating for the company in a research note on Thursday, March 17th. Six analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $281.04.

McDonald’s Company Profile (Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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