McDonald’s Co. (NYSE:MCD) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,310 shares of the fast-food giant’s stock after selling 152 shares during the quarter. Regal Investment Advisors LLC’s holdings in McDonald’s were worth $8,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Atala Financial Inc acquired a new position in McDonald’s in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the 4th quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald’s in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC grew its position in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. Finally, Marshall Investment Management LLC acquired a new stake in McDonald’s during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 2.0 %

McDonald’s stock opened at $316.12 on Tuesday. The company has a fifty day simple moving average of $306.66 and a 200-day simple moving average of $299.09. The stock has a market cap of $225.86 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.24%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MCD. Citigroup decreased their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. BMO Capital Markets upped their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Bank of America lifted their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. KeyCorp boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, Robert W. Baird lowered their price objective on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $322.87.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is owned by corporate insiders.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.