InTrack Investment Management Inc Cuts Stake in McDonald's Co. (NYSE:MCD)

InTrack Investment Management Inc trimmed its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 24.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,622 shares of the fast-food giant's stock after selling 1,487 shares during the period. McDonald's makes up approximately 1.3% of InTrack Investment Management Inc's investment portfolio, making the stock its 26th largest position. InTrack Investment Management Inc's holdings in McDonald's were worth $1,444,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in McDonald's during the fourth quarter worth about $25,000. Atala Financial Inc acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $27,000. Collier Financial acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Up 0.4%

MCD stock traded up $1.21 during midday trading on Thursday, reaching $302.93. 2,581,660 shares of the company's stock traded hands, compared to its average volume of 3,507,052. The company has a market cap of $216.60 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 3.10 and a beta of 0.56. The firm's fifty day moving average price is $311.91 and its 200-day moving average price is $302.88. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.70 EPS. Analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MCD shares. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley restated an "equal weight" rating and issued a $324.00 price target (down from $329.00) on shares of McDonald's in a research note on Monday. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Barclays lifted their target price on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Citigroup lifted their target price on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $321.79.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares of the company's stock, 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 the SEC website. Insiders own 0.25% of the company's stock.

McDonald's 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.