McDonald's Co. (NYSE:MCD) Stock Position Decreased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,270 shares of the fast-food giant's stock after selling 1,600 shares during the period. E. Ohman J or Asset Management AB's holdings in McDonald's were worth $9,768,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter worth approximately $25,000. Atala Financial Inc purchased a new stake in McDonald's in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald's in the 4th quarter worth approximately $27,000. Collier Financial purchased a new stake in McDonald's in the 4th quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new stake in McDonald's in the 4th quarter worth approximately $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Price Performance

McDonald's stock traded down $1.54 during midday trading on Friday, hitting $307.44. 2,621,006 shares of the stock were exchanged, compared to its average volume of 3,492,654. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a market cap of $219.83 billion, a P/E ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56. The company has a 50 day moving average price of $312.29 and a two-hundred day moving average price of $302.57.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 EPS. As a group, analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MCD. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the stock from $346.00 to $315.00 in a research note on Friday. Citigroup lifted their target price on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Barclays lifted their target price on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and a consensus price target of $324.96.

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.