McDonald's Corporation (NYSE:MCD) Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in McDonald's Corporation by 2.5%, selling 1,376 shares in the first quarter, leaving them with 53,992 shares valued at approximately $16.87 million.
• McDonald's announced a quarterly dividend of $1.77 per share, yielding 2.3%, with the payment to be issued on September 16th.
• Analysts have a consensus rating of "Hold" on McDonald's stock, with an average price target of $323.39 following a mix of buy, hold, and sell ratings from various firms.

Atria Wealth Solutions Inc. trimmed its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,992 shares of the fast-food giant's stock after selling 1,376 shares during the period. Atria Wealth Solutions Inc.'s holdings in McDonald's were worth $16,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. GAMMA Investing LLC grew its stake in shares of McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after buying an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter worth $350,935,000. Northern Trust Corp grew its stake in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of McDonald's in the 4th quarter worth $211,824,000. Finally, APG Asset Management N.V. grew its stake in shares of McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock worth $179,715,000 after buying an additional 602,976 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 commented on MCD. Piper Sandler lifted their price objective on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday. Redburn Atlantic reissued a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. TD Cowen lifted their price target on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $326.87.

Insider Activity

In other McDonald's news, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the sale, the chief marketing officer directly owned 7,882 shares in the company, valued at $2,392,187. This trade represents a 11.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,280 shares of company stock worth $2,215,178. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Price Performance

Shares of NYSE:MCD traded down $2.29 during trading hours on Friday, hitting $305.62. The company's stock had a trading volume of 2,621,959 shares, compared to its average volume of 3,681,905. McDonald's Corporation has a 52 week low of $265.33 and a 52 week high of $326.32. The company has a market capitalization of $218.09 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.21 and a beta of 0.52. The firm's fifty day moving average price is $298.57 and its 200 day moving average price is $304.33.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business posted $2.97 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's payout ratio is currently 60.67%.

McDonald's 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.