Forte Capital LLC ADV Has $269,000 Position in McDonald’s Co. (NYSE:MCD)

Forte Capital LLC ADV lessened its holdings in McDonald’s Co. (NYSE:MCD) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 906 shares of the fast-food giant’s stock after selling 100 shares during the quarter. Forte Capital LLC ADV’s holdings in McDonald’s were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MCD. Signature Resources Capital Management LLC acquired a new stake in McDonald’s in the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the 3rd quarter worth about $33,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $39,000. Finally, Bear Mountain Capital Inc. bought a new position in McDonald’s during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. TD Cowen reaffirmed a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Tuesday. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Royal Bank of Canada lowered their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Morgan Stanley reduced their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, BMO Capital Markets lowered their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Trading Down 1.1 %

Shares of MCD stock traded down $2.96 on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. The stock has a market cap of $194.90 billion, a PE ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71. The company has a 50-day moving average of $279.53 and a 200-day moving average of $282.35. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for 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 180.54%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.63 EPS. Sell-side analysts anticipate that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is presently 56.71%.

McDonald’s Profile

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.