D Orazio & Associates Inc. Sells 71 Shares of McDonald’s Co. (NYSE:MCD)

D Orazio & Associates Inc. cut its holdings in McDonald’s Co. (NYSE:MCD) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,322 shares of the fast-food giant’s stock after selling 71 shares during the period. D Orazio & Associates Inc.’s holdings in McDonald’s were worth $725,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Hengehold Capital Management LLC increased its stake in shares of McDonald’s by 2.3% in the first quarter. Hengehold Capital Management LLC now owns 13,766 shares of the fast-food giant’s stock worth $4,300,000 after purchasing an additional 310 shares in the last quarter. Brighton Jones LLC increased its stake in shares of McDonald’s by 16.1% in the first quarter. Brighton Jones LLC now owns 10,778 shares of the fast-food giant’s stock worth $3,367,000 after purchasing an additional 1,492 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of McDonald’s by 60.5% in the first quarter. Exchange Traded Concepts LLC now owns 15,708 shares of the fast-food giant’s stock worth $4,907,000 after purchasing an additional 5,920 shares in the last quarter. Pinion Investment Advisors LLC increased its stake in shares of McDonald’s by 6.4% in the first quarter. Pinion Investment Advisors LLC now owns 5,317 shares of the fast-food giant’s stock worth $1,661,000 after purchasing an additional 319 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its stake in shares of McDonald’s by 1.5% in the first quarter. Cornell Pochily Investment Advisors Inc. now owns 5,994 shares of the fast-food giant’s stock worth $1,872,000 after purchasing an additional 90 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research note on Friday, May 2nd. Northcoast Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Erste Group Bank cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TD Securities reissued a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and a consensus target price of $321.79.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Down 0.5%

Shares of NYSE:MCD opened at $301.57 on Friday. The firm has a fifty day simple moving average of $311.95 and a two-hundred day simple moving average of $302.97. The stock has a market capitalization of $215.63 billion, a P/E ratio of 26.48, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the business posted $2.70 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio is currently 62.49%.

McDonald’s Company Profile

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.