Catalina Capital Group LLC Has $308,000 Stake in McDonald's Corporation (NYSE:MCD)

Catalina Capital Group LLC lessened its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 59.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 987 shares of the fast-food giant's stock after selling 1,425 shares during the period. Catalina Capital Group LLC's holdings in McDonald's were worth $308,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mattern Capital Management LLC increased its position in shares of McDonald's by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank boosted its stake in McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares during the period. Integral Investment Advisors Inc. grew its position in McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after purchasing an additional 164 shares in the last quarter. Aviva PLC raised its stake in McDonald's by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the period. Finally, Sagespring Wealth Partners LLC raised its stake in McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after purchasing an additional 3,212 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Down 1.1%

Shares of NYSE:MCD traded down $3.07 on Thursday, reaching $289.24. The company had a trading volume of 4,004,866 shares, compared to its average volume of 3,516,732. The stock has a market capitalization of $206.81 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.05 and a beta of 0.56. The stock has a 50-day moving average price of $311.36 and a 200 day moving average price of $302.86. McDonald's Corporation has a twelve month low of $243.53 and a twelve month 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 earnings per share for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.70 EPS. On average, sell-side analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Analysts Set New Price Targets

Several brokerages have recently commented on MCD. KeyCorp raised their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $321.79.

Insider Buying and Selling

In other McDonald's 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 completion of the transaction, the insider now owns 11,161 shares of the company's stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by insiders.

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.