Allen Mooney & Barnes Investment Advisors LLC Sells 109 Shares of McDonald’s Co. (NYSE:MCD)

Allen Mooney & Barnes Investment Advisors LLC cut its position in McDonald’s Co. (NYSE:MCD) by 2.3% in the first quarter, HoldingsChannel.com reports. The firm owned 4,715 shares of the fast-food giant’s stock after selling 109 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in McDonald’s were worth $1,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Mascagni Wealth Management Inc. bought a new stake in McDonald’s during the fourth quarter valued at about $25,000. Atala Financial Inc bought a new position in McDonald’s in the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. purchased a new stake in McDonald’s during the 4th quarter valued at approximately $29,000. Fairway Wealth LLC raised its position in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s in the fourth quarter worth $30,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.5%

MCD stock opened at $301.93 on Thursday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market capitalization of $215.89 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The firm’s fifty day simple moving average is $311.84 and its two-hundred day simple moving average is $302.83.

McDonald’s (NYSE:MCD) last released 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. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.70 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is 62.49%.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. Truist Financial set a $350.00 target price on shares of McDonald’s in a research note on Friday, May 2nd. Citigroup increased their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. BMO Capital Markets restated an “outperform” rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Piper Sandler boosted their target price on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and dropped their price target for the company from $346.00 to $315.00 in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $321.79.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

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.