McDonald's Corporation (NYSE:MCD) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 389,756 shares of the fast-food giant's stock after selling 1,060 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of McDonald's worth $121,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sava Infond d.o.o. increased its stake in McDonald's by 52.7% in the first quarter. Sava Infond d.o.o. now owns 4,580 shares of the fast-food giant's stock worth $1,431,000 after purchasing an additional 1,580 shares during the period. Embree Financial Group grew its holdings in shares of McDonald's by 5.7% in the first quarter. Embree Financial Group now owns 6,883 shares of the fast-food giant's stock worth $2,150,000 after purchasing an additional 371 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in McDonald's in the 1st quarter worth about $220,000. Consolidated Portfolio Review Corp lifted its holdings in McDonald's by 14.1% during the 1st quarter. Consolidated Portfolio Review Corp now owns 1,753 shares of the fast-food giant's stock valued at $548,000 after buying an additional 216 shares in the last quarter. Finally, FORM Wealth Advisors LLC purchased a new stake in McDonald's in the 1st quarter valued at about $1,302,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 2,817 shares of company stock valued at $865,843 in the last 90 days. Company insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.7%

MCD stock traded up $1.98 during mid-day trading on Tuesday, reaching $291.50. The company's stock had a trading volume of 4,459,882 shares, compared to its average volume of 3,519,648. The company's 50 day moving average is $310.02 and its two-hundred day moving average is $302.79. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market cap of $208.43 billion, a PE ratio of 25.73, a P/E/G ratio of 3.00 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The firm 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 quarter last year, the business posted $2.70 earnings per share. On average, analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $324.00 price objective (down from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Redburn Atlantic restated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Finally, Truist Financial set a $350.00 price target on shares of McDonald's in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald's has a consensus rating of "Hold" and an average price target of $321.79.

McDonald's Company 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.