McDonald’s Co. (NYSE:MCD) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,463 shares of the fast-food giant’s stock after selling 160 shares during the quarter. InTrack Investment Management Inc’s holdings in McDonald’s were worth $1,258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald’s during the 1st quarter worth about $28,000. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth about $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald’s in the third quarter valued at approximately $33,000. Clear Investment Research LLC acquired a new position in McDonald’s in the 4th quarter worth approximately $38,000. Finally, Keener Financial Planning LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD traded down $2.20 on Tuesday, reaching $247.79. 3,942,310 shares of the company’s stock were exchanged, compared to its average volume of 3,437,717. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a market cap of $178.58 billion, a PE ratio of 21.04, a P/E/G ratio of 2.87 and a beta of 0.71. The stock’s fifty day moving average price is $262.80 and its 200-day moving average price is $278.79.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the business earned $2.63 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Transactions at McDonald’s

In related 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 transaction of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock worth $1,100,625 in the last quarter. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Wedbush lowered their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Guggenheim reduced their price objective on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus lowered their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $313.89.

About McDonald’s

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.