Atlantic Union Bankshares Corp Sells 888 Shares of McDonald's Corporation (NYSE:MCD)

Atlantic Union Bankshares Corp lessened its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,109 shares of the fast-food giant's stock after selling 888 shares during the quarter. Atlantic Union Bankshares Corp's holdings in McDonald's were worth $8,468,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after buying an additional 27,774 shares during the last quarter. GHE LLC increased its holdings in McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after buying an additional 136 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in McDonald's by 50.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,038 shares of the fast-food giant's stock worth $591,000 after buying an additional 686 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,817 shares of company stock valued at $1,165,843. Insiders own 0.25% of the company's stock.

McDonald's Stock Down 1.2%

Shares of MCD opened at $296.87 on Friday. McDonald's Corporation has a 12-month low of $246.12 and a 12-month high of $326.32. The business's fifty day moving average is $302.50 and its 200 day moving average is $302.81. The stock has a market cap of $212.27 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald's's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.70 EPS. On average, analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is presently 62.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. Melius began coverage on shares of McDonald's in a research report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price for the company. Citigroup boosted their target price on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. TD Securities reissued a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Two investment analysts have 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 MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $319.72.

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.

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