McDonald's Co. (NYSE:MCD) Stock Holdings Lowered by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,214 shares of the fast-food giant's stock after selling 2,896 shares during the period. Confluence Investment Management LLC's holdings in McDonald's were worth $25,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. purchased a new position in McDonald's during the fourth quarter valued at $25,000. Atala Financial Inc purchased a new position in McDonald's during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald's in the fourth quarter worth about $27,000. Collier Financial purchased a new position in shares of McDonald's in the fourth quarter worth about $29,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of McDonald's in the fourth quarter worth about $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Performance

NYSE MCD traded up $1.82 during trading hours 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. The stock has a market cap of $224.29 billion, a PE ratio of 27.54, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company's 50-day moving average is $312.40 and its two-hundred day moving average is $302.03.

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

McDonald's Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MCD shares. JPMorgan Chase & Co. raised their price objective on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Robert W. Baird raised their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Piper Sandler raised their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Barclays raised their price objective 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. Finally, Morgan Stanley cut their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.

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.