Core Alternative Capital Sells 4,936 Shares of McDonald's Corporation (NYSE:MCD)

Core Alternative Capital reduced its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 17.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,865 shares of the fast-food giant's stock after selling 4,936 shares during the period. McDonald's makes up approximately 1.7% of Core Alternative Capital's holdings, making the stock its 18th biggest holding. Core Alternative Capital's holdings in McDonald's were worth $7,142,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Novare Capital Management LLC grew its holdings in McDonald's by 20.0% during the first quarter. Novare Capital Management LLC now owns 1,188 shares of the fast-food giant's stock worth $371,000 after purchasing an additional 198 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of McDonald's by 29.1% in the first quarter. Concurrent Investment Advisors LLC now owns 39,787 shares of the fast-food giant's stock valued at $12,428,000 after buying an additional 8,959 shares during the last quarter. Braun Stacey Associates Inc. boosted its stake in shares of McDonald's by 12.9% during the 1st quarter. Braun Stacey Associates Inc. now owns 10,275 shares of the fast-food giant's stock worth $3,210,000 after acquiring an additional 1,175 shares during the period. Seascape Capital Management bought a new stake in McDonald's in the 1st quarter valued at $229,000. Finally, Elite Financial Inc. acquired a new stake in McDonald's during the 1st quarter valued at $89,000. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. 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. TD Securities reaffirmed a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, KeyCorp reduced their price target on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. One 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $321.17.

Insider Buying and Selling at McDonald's

In other McDonald's news, 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 value of $270,920.28. Following the sale, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is currently owned by insiders.

McDonald's Stock Down 0.3%

Shares of NYSE MCD traded down $0.83 on Friday, reaching $293.80. 1,678,645 shares of the company's stock traded hands, compared to its average volume of 3,538,951. The business's 50 day simple moving average is $306.11 and its two-hundred day simple moving average is $302.44. McDonald's Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a market cap of $210.08 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the company earned $2.70 EPS. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. Analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio is 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.