Leisure Capital Management Cuts Holdings in McDonald’s Co. (NYSE:MCD)

Leisure Capital Management decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 15.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,224 shares of the fast-food giant’s stock after selling 932 shares during the period. Leisure Capital Management’s holdings in McDonald’s were worth $1,549,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Roffman Miller Associates Inc. PA increased its holdings in McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after purchasing an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC boosted its position in shares of McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after acquiring an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares in the last quarter. Finally, Mengis Capital Management Inc. boosted its position in shares of McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after acquiring an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction 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 owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

McDonald’s Stock Down 0.9 %

NYSE MCD traded down $2.51 during mid-day trading on Friday, hitting $273.09. The stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The company has a market cap of $196.90 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 3.01 and a beta of 0.71. The company has a 50 day simple moving average of $281.68 and a 200 day simple moving average of $281.53.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the business posted $2.59 EPS. McDonald’s’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Morgan Stanley decreased their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Royal Bank of Canada decreased their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Robert W. Baird reissued an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Finally, Barclays decreased their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

About McDonald’s

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.