McDonald’s Corporation $MCD Shares Sold by World Investment Advisors

World Investment Advisors reduced its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,397 shares of the fast-food giant’s stock after selling 2,003 shares during the period. World Investment Advisors’ holdings in McDonald’s were worth $11,933,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP acquired a new position in shares of McDonald’s in the fourth quarter worth $27,000. Park Place Capital Corp raised its stake in shares of McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 45 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new position in McDonald’s in the fourth quarter valued at $29,000. Abound Financial LLC purchased a new position in McDonald’s in the fourth quarter valued at $30,000. Finally, DecisionPoint Financial LLC boosted its holdings in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after purchasing an additional 97 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MCD shares. Erste Group Bank downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. KeyCorp decreased their price objective on McDonald’s from $330.00 to $315.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Cfra raised McDonald’s to a “buy” rating in a research report on Friday, May 8th. Robert W. Baird set a $305.00 target price on shares of McDonald’s in a research note on Thursday, May 7th. Finally, Evercore set a $350.00 target price on shares of McDonald’s in a research note on Friday, May 8th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $335.70.

Get Our Latest Analysis on MCD

Insider Activity

In other news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider owned 7,734 shares in the company, valued at approximately $2,198,930.88. The trade was a 40.44% 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, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,307 shares of company stock worth $3,262,622. Corporate insiders own 0.26% of the company’s stock.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

McDonald’s Trading Down 0.1%

Shares of McDonald’s stock opened at $280.48 on Friday. The company has a fifty day simple moving average of $280.25 and a 200-day simple moving average of $303.22. McDonald’s Corporation has a 12-month low of $264.53 and a 12-month high of $341.75. The stock has a market cap of $199.29 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.80 and a beta of 0.41.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the business earned $2.67 EPS. McDonald’s’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts forecast that McDonald’s Corporation will post 12.93 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 annualized dividend and a dividend yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is presently 61.34%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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