F M Investments LLC Sells 101 Shares of McDonald’s Co. (NYSE:MCD)

F M Investments LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,103 shares of the fast-food giant’s stock after selling 101 shares during the period. F M Investments LLC’s holdings in McDonald’s were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Independent Wealth Network Inc. increased its holdings in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after buying an additional 35 shares during the last quarter. Paragon Capital Management Ltd increased 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 worth $407,000 after buying an additional 36 shares during the last quarter. Unique Wealth LLC increased its holdings in shares of McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after buying an additional 38 shares during the last quarter. Patron Partners LLC boosted its position in shares of McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after purchasing an additional 38 shares during the period. Finally, Wagner Wealth Management LLC boosted its position in shares of McDonald’s by 4.4% during the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock worth $269,000 after purchasing an additional 38 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Up 0.4 %

NYSE:MCD traded up $1.23 during midday trading on Tuesday, hitting $276.81. 3,275,408 shares of the company were exchanged, compared to its average volume of 3,243,950. The company has a fifty day simple moving average of $282.61 and a 200 day simple moving average of $281.45. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a market capitalization of $199.58 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the business earned $2.59 EPS. McDonald’s’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s dividend payout ratio is presently 57.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MCD. Barclays lowered their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. TD Cowen reaffirmed a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, April 10th. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Stephens reaffirmed an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Finally, Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Company 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.