Consolidated Capital Management LLC Has $4.99 Million Stake in McDonald's Corporation (NYSE:MCD)

Consolidated Capital Management LLC lessened its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 27.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,974 shares of the fast-food giant's stock after selling 6,052 shares during the period. McDonald's comprises 2.1% of Consolidated Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Consolidated Capital Management LLC's holdings in McDonald's were worth $4,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in McDonald's by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after buying an additional 526,466 shares during the period. Geode Capital Management LLC raised its holdings in McDonald's by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares during the period. Capital Research Global Investors raised its holdings in McDonald's by 5.2% during the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after buying an additional 531,070 shares during the period. Norges Bank acquired a new stake in McDonald's during the 4th quarter worth about $2,725,190,000. Finally, Northern Trust Corp raised its holdings in McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,817 shares of company stock valued at $1,165,843. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price on the stock in a research note on Thursday. Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 target price (down previously from $329.00) on shares of McDonald's in a research note on Monday, June 9th. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. 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. Finally, Barclays lifted their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and a consensus target price of $322.29.

McDonald's Trading Up 0.5%

McDonald's stock traded up $1.41 during trading hours on Friday, reaching $299.80. 4,494,100 shares of the company were exchanged, compared to its average volume of 3,532,598. The firm has a market cap of $214.37 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 3.11 and a beta of 0.53. The stock has a 50-day moving average of $304.11 and a 200 day moving average of $302.48. McDonald's Corporation has a 12 month low of $246.12 and a 12 month high of $326.32.

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

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

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.