SOA Wealth Advisors LLC. Sells 71 Shares of McDonald’s Co. (NYSE:MCD)

SOA Wealth Advisors LLC. cut its holdings in McDonald’s Co. (NYSE:MCD – Get Rating) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,710 shares of the fast-food giant’s stock after selling 71 shares during the period. SOA Wealth Advisors LLC.’s holdings in McDonald’s were worth $1,768,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC increased its position in shares of McDonald’s by 57.8% in the third quarter. Gladstone Institutional Advisory LLC now owns 24,941 shares of the fast-food giant’s stock valued at $5,755,000 after acquiring an additional 9,132 shares during the period. Bartlett & Co. LLC increased its position in shares of McDonald’s by 0.3% in the third quarter. Bartlett & Co. LLC now owns 172,083 shares of the fast-food giant’s stock valued at $39,709,000 after acquiring an additional 486 shares during the period. Newbridge Financial Services Group Inc. increased its position in shares of McDonald’s by 8.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,120 shares of the fast-food giant’s stock valued at $258,000 after acquiring an additional 86 shares during the period. Canandaigua National Corp increased its position in shares of McDonald’s by 10.1% in the third quarter. Canandaigua National Corp now owns 36,565 shares of the fast-food giant’s stock valued at $8,437,000 after acquiring an additional 3,347 shares during the period. Finally, Marino Stram & Associates LLC increased its position in shares of McDonald’s by 0.8% in the third quarter. Marino Stram & Associates LLC now owns 9,920 shares of the fast-food giant’s stock valued at $2,289,000 after acquiring an additional 78 shares during the period. 66.86% of the stock is owned by institutional investors.

McDonald’s Stock Down 1.2 %

Shares of McDonald’s stock opened at $267.20 on Friday. The company has a market cap of $195.46 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. The company’s 50 day moving average is $267.15 and its 200 day moving average is $262.86. McDonald’s Co. has a twelve month low of $228.34 and a twelve month high of $281.67.

McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.23 earnings per share. Sell-side analysts expect that McDonald’s Co. will post 10.51 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were given a dividend of $1.52 per share. The ex-dividend date was Tuesday, February 28th. This represents a $6.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is 72.81%.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 3,850 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $267.69, for a total transaction of $1,030,606.50. Following the transaction, the chief executive officer now owns 34,637 shares in the company, valued at $9,271,978.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, SVP Catherine A. Hoovel sold 2,876 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $270.00, for a total value of $776,520.00. Following the transaction, the senior vice president now directly owns 1,184 shares in the company, valued at $319,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 3,850 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $267.69, for a total transaction of $1,030,606.50. Following the completion of the transaction, the chief executive officer now owns 34,637 shares in the company, valued at $9,271,978.53. The disclosure for this sale can be found here. Insiders have sold a total of 8,122 shares of company stock worth $2,177,681 over the last quarter. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MCD shares. Morgan Stanley boosted their price objective on shares of McDonald’s from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Citigroup reduced their price target on shares of McDonald’s from $279.00 to $277.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of McDonald’s from $263.00 to $277.00 in a research report on Wednesday, February 1st. StockNews.com initiated coverage on shares of McDonald’s in a research report on Thursday. They set a “buy” rating on the stock. Finally, Barclays boosted their price target on shares of McDonald’s from $295.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $288.80.

McDonald’s Profile

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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, Russia, Spain, and the U.K.