Annex Advisory Services LLC Cuts Stake in McDonald’s Co. (NYSE:MCD)

Annex Advisory Services LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 33.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,056 shares of the fast-food giant’s stock after selling 1,039 shares during the quarter. Annex Advisory Services LLC’s holdings in McDonald’s were worth $610,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Roffman Miller Associates Inc. PA grew its holdings in McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC boosted its holdings in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 114 shares during the period. Aigen Investment Management LP purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $4,286,000. Strait & Sound Wealth Management LLC purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,096 shares of company stock worth $1,127,678. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MCD. Royal Bank of Canada dropped their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Morgan Stanley decreased their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. BMO Capital Markets decreased their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. TD Cowen reissued a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research note on Monday, May 20th. Finally, Robert W. Baird decreased their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $316.15.

McDonald’s Stock Down 1.1 %

Shares of NYSE MCD traded down $2.77 during mid-day trading on Wednesday, reaching $259.95. 4,136,296 shares of the company were exchanged, compared to its average volume of 3,374,990. The firm has a 50-day moving average of $269.30 and a 200 day moving average of $282.76. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a market cap of $187.34 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.93 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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 firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 earnings per share. On average, equities analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

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.