Symphony Financial Ltd. Co. Decreases Holdings in McDonald's Corporation (NYSE:MCD)

Symphony Financial Ltd. Co. trimmed its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 62.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,418 shares of the fast-food giant's stock after selling 5,589 shares during the period. Symphony Financial Ltd. Co.'s holdings in McDonald's were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new stake in McDonald's during the 4th quarter worth about $25,000. Atala Financial Inc purchased a new stake in McDonald's during the 4th quarter worth about $26,000. Pinney & Scofield Inc. purchased a new stake in McDonald's during the 4th quarter worth about $29,000. Fairway Wealth LLC lifted 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 worth $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald's during the 4th quarter worth about $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 2,817 shares of company stock worth $865,843 in the last quarter. Company insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.7%

NYSE MCD opened at $289.42 on Tuesday. The business's 50 day moving average is $310.02 and its two-hundred day moving average is $302.79. McDonald's Corporation has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market capitalization of $206.94 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.00 and a beta of 0.56.

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

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 2.45%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research reports. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and reduced their target price for the company from $346.00 to $315.00 in a report on Friday, June 6th. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 target price (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Barclays boosted their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, KeyCorp boosted their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. 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, the stock presently has a consensus rating of "Hold" and an average target price of $321.79.

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.

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