Mogy Joel R Investment Counsel Inc. Sells 300 Shares of McDonald’s Co. (NYSE:MCD)

Mogy Joel R Investment Counsel Inc. trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,693 shares of the fast-food giant’s stock after selling 300 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in McDonald’s were worth $1,778,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on MCD shares. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a report on Tuesday. BMO Capital Markets restated an “outperform” rating and set a $345.00 target price (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. TD Securities reaffirmed a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 5th. Finally, Robert W. Baird boosted their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and a consensus target price 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 dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $301.93 on Thursday. The company has a market capitalization of $215.89 billion, a P/E ratio of 26.51, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a 50 day moving average price of $311.84 and a two-hundred day moving average price of $302.83.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date 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 currently 62.49%.

About McDonald’s

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.