Stratos Wealth Partners LTD. Has $31.21 Million Position in McDonald's Corporation (NYSE:MCD)

Stratos Wealth Partners LTD. reduced its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,902 shares of the fast-food giant's stock after selling 1,089 shares during the period. Stratos Wealth Partners LTD.'s holdings in McDonald's were worth $31,207,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Liberty One Investment Management LLC boosted its holdings in shares of McDonald's by 1.5% during the 1st quarter. Liberty One Investment Management LLC now owns 105,845 shares of the fast-food giant's stock worth $33,063,000 after buying an additional 1,530 shares during the period. Black Diamond Financial LLC acquired a new position in McDonald's during the 1st quarter valued at $217,000. Brown Advisory Inc. raised its stake in McDonald's by 1.9% during the 1st quarter. Brown Advisory Inc. now owns 142,018 shares of the fast-food giant's stock valued at $44,362,000 after purchasing an additional 2,677 shares during the last quarter. Pekin Hardy Strauss Inc. raised its stake in McDonald's by 3.4% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 7,551 shares of the fast-food giant's stock valued at $2,359,000 after purchasing an additional 250 shares during the last quarter. Finally, Capital Management Associates Inc raised its stake in McDonald's by 68.7% during the 1st quarter. Capital Management Associates Inc now owns 5,460 shares of the fast-food giant's stock valued at $1,706,000 after purchasing an additional 2,223 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald's Trading Down 0.6%

Shares of McDonald's stock traded down $1.83 during mid-day trading on Tuesday, reaching $291.70. 3,121,892 shares of the stock were exchanged, compared to its average volume of 3,536,759. The company has a market cap of $208.57 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The firm has a 50-day simple moving average of $305.64 and a 200 day simple moving average of $302.53. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The company's revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MCD shares. Robert W. Baird upped their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $321.17.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by corporate insiders.

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.