West Paces Advisors Inc. Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

West Paces Advisors Inc. reduced its position in McDonald’s Co. (NYSE:MCD) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,687 shares of the fast-food giant’s stock after selling 50 shares during the period. West Paces Advisors Inc.’s holdings in McDonald’s were worth $1,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new stake in McDonald’s in the 4th quarter worth approximately $25,000. Atala Financial Inc purchased a new stake in McDonald’s in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial purchased a new stake in McDonald’s in the 4th quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of McDonald’s during the 4th quarter valued at $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Wedbush boosted their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler boosted their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Morgan Stanley reissued an “equal weight” rating and set a $324.00 price objective (down from $329.00) on shares of McDonald’s in a research note on Monday. Finally, KeyCorp boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Fourteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $324.48.

McDonald’s Price Performance

Shares of MCD stock opened at $304.84 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market capitalization of $217.97 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.56. The company’s fifty day moving average price is $312.15 and its two-hundred day moving average price is $302.86.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the business posted $2.70 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald’s’s dividend payout ratio is currently 62.49%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

McDonald’s Company Profile

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, Spain, and the U.K.