Allen Mooney & Barnes Investment Advisors LLC Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the fast-food giant’s stock after selling 109 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in McDonald’s were worth $1,473,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Ferguson Wellman Capital Management Inc. grew its holdings in McDonald’s by 29.6% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 100,168 shares of the fast-food giant’s stock worth $31,290,000 after purchasing an additional 22,878 shares during the period. Defined Financial Planning LLC boosted its position in shares of McDonald’s by 21.5% in the 1st quarter. Defined Financial Planning LLC now owns 2,365 shares of the fast-food giant’s stock worth $742,000 after purchasing an additional 419 shares in the last quarter. Net Worth Advisory Group boosted its position in shares of McDonald’s by 28.6% in the 1st quarter. Net Worth Advisory Group now owns 2,751 shares of the fast-food giant’s stock worth $859,000 after purchasing an additional 612 shares in the last quarter. ForthRight Wealth Management LLC purchased a new stake in shares of McDonald’s in the 1st quarter worth approximately $243,000. Finally, Greenwood Capital Associates LLC grew its stake in shares of McDonald’s by 10.3% in the 1st quarter. Greenwood Capital Associates LLC now owns 16,088 shares of the fast-food giant’s stock worth $5,025,000 after buying an additional 1,499 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of MCD opened at $301.93 on Thursday. The firm has a market capitalization of $215.89 billion, a P/E ratio of 26.51, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The business has a fifty day moving average of $311.84 and a 200 day moving average of $302.83.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the firm posted $2.70 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.34%. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. KeyCorp lifted their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Barclays raised their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price objective (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Finally, Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $321.79.

About McDonald’s

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.