McDonald's Corporation (NYSE:MCD) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,227 shares of the fast-food giant's stock after selling 1,566 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in McDonald's were worth $38,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth $25,000. Pinney & Scofield Inc. purchased a new stake in McDonald's during the fourth quarter worth $29,000. GKV Capital Management Co. Inc. purchased a new stake in McDonald's during the fourth quarter worth $30,000. Abound Financial LLC purchased a new stake in McDonald's during the first quarter worth $30,000. Finally, Copia Wealth Management purchased a new stake in McDonald's during the fourth quarter worth $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Robert W. Baird increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup increased their price target on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Melius initiated coverage on shares of McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $322.00.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,147,992 over the last ninety days. 0.25% of the stock is owned by insiders.

McDonald's Trading Up 1.3%

MCD stock traded up $3.77 during trading on Friday, reaching $298.25. 3,400,107 shares of the stock were exchanged, compared to its average volume of 3,682,701. The business has a 50 day moving average price of $301.00 and a 200-day moving average price of $303.02. McDonald's Corporation has a 1 year low of $250.23 and a 1 year high of $326.32. The firm has a market capitalization of $213.26 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 3.12 and a beta of 0.53.

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

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 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.