LCM Capital Management Inc Sells 68 Shares of McDonald’s Co. (NYSE:MCD)

LCM Capital Management Inc reduced its holdings in McDonald’s Co. (NYSE:MCD) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,805 shares of the fast-food giant’s stock after selling 68 shares during the quarter. LCM Capital Management Inc’s holdings in McDonald’s were worth $832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Brookstone Capital Management increased its holdings in shares of McDonald’s by 25.0% during the third quarter. Brookstone Capital Management now owns 48,627 shares of the fast-food giant’s stock valued at $12,564,000 after acquiring an additional 9,737 shares in the last quarter. RMR Wealth Builders grew its holdings in McDonald’s by 181.9% during the third quarter. RMR Wealth Builders now owns 3,081 shares of the fast-food giant’s stock worth $812,000 after buying an additional 1,988 shares in the last quarter. Suncoast Equity Management grew its holdings in McDonald’s by 2.6% during the third quarter. Suncoast Equity Management now owns 5,263 shares of the fast-food giant’s stock worth $1,386,000 after buying an additional 133 shares in the last quarter. Sweet Financial Partners LLC grew its holdings in McDonald’s by 5.7% during the third quarter. Sweet Financial Partners LLC now owns 8,817 shares of the fast-food giant’s stock worth $2,323,000 after buying an additional 475 shares in the last quarter. Finally, Toews Corp ADV bought a new stake in McDonald’s during the third quarter worth $764,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.2 %

MCD traded down $0.48 during trading on Tuesday, reaching $273.07. 6,893,865 shares of the company were exchanged, compared to its average volume of 3,313,933. The company has a market cap of $196.89 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71. The company’s 50-day moving average is $280.92 and its two-hundred day moving average is $282.33. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its 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 during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.63 earnings per share. Equities analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. McDonald’s’s dividend payout ratio is currently 57.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MCD shares. Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Wedbush decreased their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday. Citigroup cut their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. TD Cowen reissued a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Tuesday. Finally, Evercore ISI reissued an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research report on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $317.67.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s 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 transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.