Bray Capital Advisors Has $2.57 Million Holdings in McDonald’s Co. (NYSE:MCD)

Bray Capital Advisors cut its position in shares of McDonald’s Co. (NYSE:MCD) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,875 shares of the fast-food giant’s stock after selling 1,993 shares during the quarter. Bray Capital Advisors’ holdings in McDonald’s were worth $2,573,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Clear Creek Financial Management LLC grew its holdings in McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after purchasing an additional 35 shares during the period. GDS Wealth Management grew its holdings in McDonald’s by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares during the period. Boltwood Capital Management grew its holdings in McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the period. McAdam LLC grew its holdings in McDonald’s by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after purchasing an additional 36 shares during the period. Finally, LCM Capital Management Inc grew its holdings in McDonald’s by 1.3% in the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after purchasing an additional 36 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Wedbush raised their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Morgan Stanley raised their price objective on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Performance

Shares of MCD stock opened at $302.89 on Friday. The firm has a market cap of $217.06 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 3.09 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm’s 50-day simple moving average is $292.45 and its two-hundred day simple moving average is $293.51.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,106 shares of company stock valued at $6,368,814. Company insiders own 0.23% of the company’s stock.

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.