KRS Capital Management LLC Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

KRS Capital Management LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,852 shares of the fast-food giant’s stock after selling 322 shares during the quarter. KRS Capital Management LLC’s holdings in McDonald’s were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new position in shares of McDonald’s in the 4th quarter worth about $31,000. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the 3rd quarter worth about $33,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s in the 4th quarter worth about $38,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s in the 4th quarter worth about $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in shares of McDonald’s in the 4th quarter worth about $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. The Goldman Sachs Group started coverage on McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective on the stock. Citigroup lowered their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. UBS Group lowered their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Finally, Bank of America lowered their price objective on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $315.14.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was 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 of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock worth $1,100,625 in the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of MCD opened at $254.84 on Friday. The stock has a 50 day simple moving average of $263.31 and a two-hundred day simple moving average of $279.28. The firm has a market cap of $183.66 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. McDonald’s’s dividend payout ratio is currently 56.71%.

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.