Cadinha & Co. LLC Sells 46,375 Shares of McDonald's Co. (NYSE:MCD)

Cadinha & Co. LLC lowered its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 51.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,922 shares of the fast-food giant's stock after selling 46,375 shares during the quarter. McDonald's makes up approximately 2.9% of Cadinha & Co. LLC's holdings, making the stock its 15th biggest holding. Cadinha & Co. LLC's holdings in McDonald's were worth $13,720,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. bought a new position in shares of McDonald's in the 4th quarter valued at about $25,000. Atala Financial Inc bought a new position in shares of McDonald's in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's in the 4th quarter valued at about $27,000. Collier Financial acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Morgan Stanley cut their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Robert W. Baird increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

McDonald's Trading Up 0.6%

Shares of NYSE MCD traded up $1.82 during midday trading on Friday, reaching $313.68. The company's stock had a trading volume of 4,056,929 shares, compared to its average volume of 3,515,946. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $224.29 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.10 and a beta of 0.57. The stock has a 50 day simple moving average of $312.40 and a 200-day simple moving average of $302.00.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.70 earnings per share. As a group, equities analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. McDonald's's payout ratio is 62.49%.

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.