Investor s Fiduciary Advisor Network LLC Sells 1,050 Shares of McDonald's Corporation (NYSE:MCD)

Investor s Fiduciary Advisor Network LLC lowered its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 55.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 858 shares of the fast-food giant's stock after selling 1,050 shares during the period. Investor s Fiduciary Advisor Network LLC's holdings in McDonald's were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. acquired a new stake in McDonald's in the 4th quarter valued at about $25,000. Atala Financial Inc purchased a new position in shares of McDonald's during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the 4th quarter worth approximately $29,000. Fairway Wealth LLC grew its holdings in McDonald's by 110.0% during the 4th 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. acquired 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 and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MCD shares. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Barclays lifted their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley reissued an "equal weight" rating and set a $324.00 price objective (down previously from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Citigroup raised 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. Finally, Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and an average target price of $321.17.

McDonald's Trading Down 0.2%

Shares of McDonald's stock traded down $0.59 on Monday, reaching $293.49. 3,402,996 shares of the company were exchanged, compared to its average volume of 3,538,413. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $209.85 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The stock has a fifty day moving average price of $306.11 and a 200-day moving average price of $302.52.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the business posted $2.70 EPS. The company's revenue was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider owned 12,100 shares of the company's stock, valued at $3,853,850. The trade was a 7.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 2,817 shares of company stock worth $865,843 over the last quarter. 0.25% of the stock is currently owned by insiders.

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.