Bank Hapoalim BM Sells 1,960 Shares of McDonald's Corporation (NYSE:MCD)

Bank Hapoalim BM reduced its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 40.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,911 shares of the fast-food giant's stock after selling 1,960 shares during the quarter. Bank Hapoalim BM's holdings in McDonald's were worth $909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. raised its position in shares of McDonald's by 3.4% in the first quarter. Pekin Hardy Strauss Inc. now owns 7,551 shares of the fast-food giant's stock valued at $2,359,000 after purchasing an additional 250 shares during the period. Capital Management Associates Inc raised its position in shares of McDonald's by 68.7% in the first quarter. Capital Management Associates Inc now owns 5,460 shares of the fast-food giant's stock valued at $1,706,000 after purchasing an additional 2,223 shares during the period. Abound Financial LLC bought a new position in shares of McDonald's in the first quarter valued at about $30,000. Washington Trust Bank raised its position in shares of McDonald's by 1.8% in the first quarter. Washington Trust Bank now owns 4,093 shares of the fast-food giant's stock valued at $1,279,000 after purchasing an additional 72 shares during the period. Finally, Centennial Bank AR raised its position in shares of McDonald's by 2.6% in the first quarter. Centennial Bank AR now owns 2,282 shares of the fast-food giant's stock valued at $713,000 after purchasing an additional 57 shares during the period. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MCD. 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 report on Tuesday, June 10th. Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, TD Securities reaffirmed a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $321.17.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by corporate insiders.

McDonald's Trading Down 0.6%

NYSE:MCD traded down $1.83 on Tuesday, hitting $291.70. The company had a trading volume of 3,121,892 shares, compared to its average volume of 3,536,759. The stock has a market capitalization of $208.57 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 3.07 and a beta of 0.53. The firm has a 50 day moving average of $305.64 and a two-hundred day moving average of $302.53. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32.

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

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

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.