Janney Montgomery Scott LLC Sells 11,993 Shares of McDonald’s Co. (NYSE:MCD)

Janney Montgomery Scott LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 3.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 378,257 shares of the fast-food giant’s stock after selling 11,993 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.05% of McDonald’s worth $118,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mattern Capital Management LLC raised its holdings in McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank increased its position in McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after purchasing an additional 371 shares during the period. Integral Investment Advisors Inc. increased its position in McDonald’s by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after purchasing an additional 164 shares during the period. Aviva PLC increased its position in McDonald’s by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock valued at $125,350,000 after purchasing an additional 23,024 shares during the period. Finally, Great Waters Wealth Management purchased a new position in McDonald’s during the 1st quarter valued at $864,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $301.57 on Monday. The firm has a market cap of $215.63 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a 50-day simple moving average of $311.95 and a two-hundred day simple moving average of $303.03.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the business posted $2.70 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio is presently 62.49%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Loop Capital downgraded 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 report on Friday, June 6th. TD Securities reissued a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, 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 report on Monday, June 9th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $321.79.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

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.