Lifestyle Asset Management Inc. Has $203,000 Position in McDonald’s Co. (NYSE:MCD)

Lifestyle Asset Management Inc. decreased its stake in McDonald’s Co. (NYSE:MCD) by 33.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 720 shares of the fast-food giant’s stock after selling 354 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in McDonald’s were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the 1st quarter worth approximately $28,000. Signature Resources Capital Management LLC bought a new position in McDonald’s during the fourth quarter worth $31,000. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the third quarter valued at $33,000. Clear Investment Research LLC bought a new position in shares of McDonald’s in the fourth quarter valued at about $38,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $2.25 during midday trading on Wednesday, hitting $250.04. 2,026,063 shares of the stock traded hands, compared to its average volume of 3,426,628. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market capitalization of $180.20 billion, a P/E ratio of 21.18, a PEG ratio of 2.87 and a beta of 0.71. The firm has a 50-day moving average of $262.22 and a two-hundred day moving average of $278.52.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 EPS. Equities analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. McDonald’s’s payout ratio is currently 56.71%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent research reports. Wedbush lowered their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Guggenheim reduced their price target on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Stifel Nicolaus cut their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Finally, Citigroup lowered their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $313.89.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,593 shares of company stock worth $1,472,518. 0.23% of the stock is owned by company insiders.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.