Intrua Financial LLC Sells 548 Shares of McDonald’s Co. (NYSE:MCD)

Intrua Financial LLC cut its position in McDonald’s Co. (NYSE:MCDGet Rating) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,873 shares of the fast-food giant’s stock after selling 548 shares during the quarter. Intrua Financial LLC’s holdings in McDonald’s were worth $1,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFM Investors Pty Ltd boosted its position in McDonald’s by 19.1% during the first quarter. IFM Investors Pty Ltd now owns 115,375 shares of the fast-food giant’s stock worth $28,530,000 after purchasing an additional 18,473 shares during the period. Victory Capital Management Inc. boosted its position in McDonald’s by 3.3% during the first quarter. Victory Capital Management Inc. now owns 694,183 shares of the fast-food giant’s stock worth $172,651,000 after purchasing an additional 22,059 shares during the period. TrueWealth Advisors LLC boosted its position in McDonald’s by 12.4% during the first quarter. TrueWealth Advisors LLC now owns 1,032 shares of the fast-food giant’s stock worth $254,000 after purchasing an additional 114 shares during the period. Advisor Group Holdings Inc. boosted its position in McDonald’s by 4.5% during the first quarter. Advisor Group Holdings Inc. now owns 350,007 shares of the fast-food giant’s stock worth $79,309,000 after purchasing an additional 15,078 shares during the period. Finally, Aptus Capital Advisors LLC boosted its position in McDonald’s by 39.9% during the first quarter. Aptus Capital Advisors LLC now owns 3,899 shares of the fast-food giant’s stock worth $964,000 after purchasing an additional 1,112 shares during the period. 67.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on MCD. Tigress Financial lifted their price objective on shares of McDonald’s from $314.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. BMO Capital Markets lifted their target price on McDonald’s from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Cowen lifted their target price on McDonald’s from $280.00 to $293.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Credit Suisse Group lifted their target price on McDonald’s from $272.00 to $292.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Finally, KeyCorp lifted their target price on McDonald’s from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.30.

McDonald’s Stock Performance

Shares of NYSE:MCD traded down $1.49 during midday trading on Thursday, hitting $273.27. 2,514,942 shares of the stock were exchanged, compared to its average volume of 3,468,101. The stock has a market capitalization of $200.15 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 3.22 and a beta of 0.64. The business’s 50-day moving average price is $256.23 and its 200 day moving average price is $253.25. McDonald’s Co. has a 12 month low of $217.68 and a 12 month high of $281.67.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings results on Thursday, October 27th. The fast-food giant reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.10. The company had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.70 billion. McDonald’s had a negative return on equity of 123.40% and a net margin of 25.42%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.76 earnings per share. As a group, sell-side analysts expect that McDonald’s Co. will post 9.91 EPS for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $1.52 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from McDonald’s’s previous quarterly dividend of $1.38. This represents a $6.08 annualized dividend and a yield of 2.22%. McDonald’s’s dividend payout ratio is presently 69.52%.

McDonald’s Profile

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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