McDonald's Corporation (NYSE:MCD) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. trimmed its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,671 shares of the fast-food giant's stock after selling 1,768 shares during the period. McDonald's comprises about 2.2% of CORDA Investment Management LLC.'s portfolio, making the stock its 23rd largest position. CORDA Investment Management LLC.'s holdings in McDonald's were worth $28,010,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. purchased a new position in McDonald's in the fourth quarter worth $25,000. Atala Financial Inc purchased a new position in McDonald's in the fourth quarter worth $26,000. Pinney & Scofield Inc. purchased a new position in McDonald's in the fourth quarter worth $29,000. Fairway Wealth LLC grew its holdings in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald's in the fourth quarter worth $30,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald's

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MCD shares. Piper Sandler lifted their price target on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. TD Securities reaffirmed a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. Finally, 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 report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $322.29.

McDonald's Stock Up 0.5%

Shares of NYSE:MCD traded up $1.41 during trading on Friday, hitting $299.80. 4,494,100 shares of the stock traded hands, compared to its average volume of 3,528,540. The company has a market cap of $214.37 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 3.13 and a beta of 0.53. The company has a fifty day moving average price of $304.11 and a two-hundred day moving average price of $302.54. McDonald's Corporation has a 52-week low of $246.12 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 EPS. On average, equities research analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced 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. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

McDonald's 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.