GoalVest Advisory LLC Has $1.36 Million Position in McDonald’s Co. (NYSE:MCD)

GoalVest Advisory LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 24.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,826 shares of the fast-food giant’s stock after purchasing an additional 957 shares during the period. GoalVest Advisory LLC’s holdings in McDonald’s were worth $1,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at about $31,000. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the third quarter valued at about $33,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at about $38,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at about $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at about $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock valued at $1,100,625 in the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 1.2 %

NYSE:MCD traded down $3.04 on Tuesday, reaching $257.34. 4,251,805 shares of the stock traded hands, compared to its average volume of 3,394,228. The firm has a market capitalization of $185.46 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72. The company’s 50 day moving average is $264.15 and its 200-day moving average is $279.82. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 EPS. On average, equities research analysts forecast that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MCD shares. Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Robert W. Baird reduced their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. The Goldman Sachs Group initiated coverage on shares of McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective on the stock. Finally, Citigroup reduced their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $315.14.

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.