Summit Trail Advisors LLC Trims Stock Position in McDonald’s Co. (NYSE:MCD)

Summit Trail Advisors LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,014 shares of the fast-food giant’s stock after selling 154 shares during the quarter. Summit Trail Advisors LLC’s holdings in McDonald’s were worth $1,487,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after acquiring an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in McDonald’s during the third quarter valued at about $192,165,000. AMF Tjanstepension AB lifted its holdings in shares of McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after buying an additional 602,707 shares in the last quarter. Barclays PLC boosted its holdings in shares of McDonald’s by 16.7% during the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its position in shares of McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after buying an additional 370,699 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.4 %

MCD traded down $1.02 on Monday, reaching $269.30. The stock had a trading volume of 2,478,555 shares, compared to its average volume of 3,311,579. The business’s 50-day moving average price is $279.53 and its two-hundred day moving average price is $282.76. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market cap of $194.17 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.63 earnings per share. As a group, analysts predict that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.48%. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Bank of America upped their price target on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Robert W. Baird decreased their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Guggenheim lowered their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday. Evercore ISI reissued an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. Finally, StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.