KWB Wealth Sells 444 Shares of McDonald’s Co. (NYSE:MCD)

KWB Wealth cut its holdings in McDonald’s Co. (NYSE:MCD) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,380 shares of the fast-food giant’s stock after selling 444 shares during the period. KWB Wealth’s holdings in McDonald’s were worth $1,235,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. GenTrust LLC grew its holdings in McDonald’s by 25.2% during the 1st quarter. GenTrust LLC now owns 1,043 shares of the fast-food giant’s stock valued at $294,000 after purchasing an additional 210 shares during the last quarter. Marshall Financial Group LLC grew its holdings in McDonald’s by 3.9% during the 1st quarter. Marshall Financial Group LLC now owns 9,373 shares of the fast-food giant’s stock valued at $2,643,000 after purchasing an additional 350 shares during the last quarter. American National Bank & Trust Co. VA bought a new position in McDonald’s during the 1st quarter valued at about $978,000. Retirement Guys Formula LLC grew its holdings in McDonald’s by 28.9% during the 1st quarter. Retirement Guys Formula LLC now owns 2,445 shares of the fast-food giant’s stock valued at $689,000 after purchasing an additional 548 shares during the last quarter. Finally, New Century Financial Group LLC bought a new position in McDonald’s during the 1st quarter valued at about $303,000. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MCD has been the subject of several research reports. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. BMO Capital Markets lowered their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Citigroup lowered their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, TD Cowen reissued a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 13th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $313.89.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,593 shares of company stock worth $1,472,518. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

NYSE:MCD traded up $2.21 during midday trading on Thursday, reaching $250.00. 2,026,070 shares of the stock traded hands, compared to its average volume of 3,639,543. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The business has a 50-day moving average of $261.68 and a two-hundred day moving average of $278.32. The stock has a market capitalization of $180.17 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.79 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. McDonald’s’s payout ratio is 56.71%.

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.