RFP Financial Group LLC Has $175,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

RFP Financial Group LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 25.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 622 shares of the fast-food giant’s stock after selling 210 shares during the period. RFP Financial Group LLC’s holdings in McDonald’s were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Roffman Miller Associates Inc. PA lifted its holdings in shares of McDonald’s by 1.7% during the fourth 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 lifted its holdings in 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 buying an additional 114 shares during the period. Aigen Investment Management LP acquired a new position in McDonald’s during the 4th quarter worth about $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $211,000. Finally, Main Street Research LLC increased its stake in shares of McDonald’s by 1.0% in the fourth quarter. Main Street Research LLC now owns 20,975 shares of the fast-food giant’s stock valued at $6,219,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 5,593 shares of company stock valued at $1,472,518 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.8 %

Shares of NYSE:MCD traded down $2.19 during mid-day trading on Friday, hitting $257.33. 3,467,722 shares of the company traded hands, compared to its average volume of 3,466,969. The stock has a 50-day moving average price of $257.27 and a two-hundred day moving average price of $275.13. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39. The stock has a market cap of $185.45 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.95 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) 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 analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 earnings per share. As a group, analysts expect that McDonald’s Co. will post 12.14 earnings per share for the current year.

McDonald’s Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, Citigroup decreased their price target on McDonald’s from $297.00 to $280.00 and set a “neutral” rating for the company in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.82.

McDonald’s Profile

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.