McDonald’s Co. (NYSE:MCD) Shares Sold by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,728 shares of the fast-food giant’s stock after selling 100 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in McDonald’s were worth $769,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Independent Wealth Network Inc. increased its holdings in shares of McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after buying an additional 35 shares in the last quarter. Concentric Wealth Management LLC grew its holdings in shares of McDonald’s by 1.4% in the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after acquiring an additional 35 shares during the last quarter. Paragon Capital Management Ltd raised its position in shares of McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after purchasing an additional 36 shares during the period. Mechanics Financial Corp lifted its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of McDonald’s by 2.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $5.59 during midday trading on Friday, reaching $259.39. 8,426,647 shares of the company’s stock were exchanged, compared to its average volume of 3,222,010. The company’s 50 day simple moving average is $264.43 and its two-hundred day simple moving average is $280.25. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The firm has a market capitalization of $186.94 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS 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 for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the business earned $2.63 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed 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 was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.58%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wedbush reduced their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Bank of America reduced their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Guggenheim lowered their price objective on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. BMO Capital Markets reduced their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group assumed coverage on McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target on the stock. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

Insider Buying and Selling at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction 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 completion of 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. Over the last three months, insiders sold 2,997 shares of company stock valued at $815,145. 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.