Integral Investment Advisors Inc. Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Integral Investment Advisors Inc. cut its position in McDonald’s Co. (NYSE:MCD) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,377 shares of the fast-food giant’s stock after selling 135 shares during the quarter. Integral Investment Advisors Inc.’s holdings in McDonald’s were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new stake in McDonald’s during the fourth quarter worth about $25,000. Atala Financial Inc purchased a new stake in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial purchased a new position in McDonald’s in the 4th quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of McDonald’s in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $304.84 on Tuesday. The firm’s fifty day moving average is $312.15 and its two-hundred day moving average is $302.86. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The firm has a market cap of $217.97 billion, a PE ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. McDonald’s’s quarterly revenue was down 3.5% on a year-over-year basis. Research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, June 2nd. McDonald’s’s payout ratio is currently 62.49%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Citigroup increased their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Piper Sandler boosted their price objective on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a report on Tuesday. Finally, Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $321.79.

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.