Brookmont Capital Management Sells 67 Shares of McDonald’s Co. (NYSE:MCD)

Brookmont Capital Management cut its stake in McDonald’s Co. (NYSE:MCD) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,277 shares of the fast-food giant’s stock after selling 67 shares during the period. McDonald’s accounts for 2.4% of Brookmont Capital Management’s investment portfolio, making the stock its 10th largest holding. Brookmont Capital Management’s holdings in McDonald’s were worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Vanguard Group Inc. grew its stake in McDonald’s by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares during the period. Norges Bank bought a new position in shares of McDonald’s in the fourth quarter valued at $2,684,899,000. Price T Rowe Associates Inc. MD grew its holdings in shares of McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after buying an additional 987,099 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its holdings in shares of McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after acquiring an additional 5,609,736 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in McDonald’s by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock valued at $1,589,073,000 after acquiring an additional 35,639 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded down $3.38 during mid-day trading on Friday, reaching $254.79. 8,958,154 shares of the company’s stock traded hands, compared to its average volume of 3,430,142. The company has a 50 day moving average price of $263.31 and a 200-day moving average price of $279.28. The firm has a market capitalization of $183.62 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.90 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MCD shares. Stifel Nicolaus cut their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Guggenheim dropped their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. Citigroup dropped their price objective 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. Finally, Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’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 transaction, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,095 shares of company stock worth $1,100,625. 0.23% of the stock is currently owned by company insiders.

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.