Capital Investment Advisory Services LLC Sells 1,412 Shares of McDonald’s Co. (NYSE:MCD)

Capital Investment Advisory Services LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,318 shares of the fast-food giant’s stock after selling 1,412 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in McDonald’s were worth $2,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Moneta Group Investment Advisors LLC increased its holdings in shares of McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after purchasing an additional 19,217,818 shares during the period. Norges Bank bought a new position in shares of McDonald’s during the fourth quarter worth approximately $2,341,360,000. International Assets Investment Management LLC increased its holdings in shares of McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in McDonald’s by 1,189.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after buying an additional 2,021,754 shares during the period. Finally, Imprint Wealth LLC increased its holdings in McDonald’s by 31,574.5% in the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after buying an additional 1,622,929 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 0.4 %

Shares of NYSE:MCD traded up $1.01 on Friday, hitting $271.99. The company had a trading volume of 3,017,097 shares, compared to its average volume of 3,163,395. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The business has a 50 day moving average of $283.10 and a 200 day moving average of $280.90. The company has a market cap of $196.11 billion, a PE ratio of 23.51, a PEG ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.59 earnings per share. As a group, equities analysts predict that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Stifel Nicolaus dropped their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Wedbush reissued an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Finally, Bank of America boosted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $319.72.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

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.