Fishman Jay A Ltd. MI Sells 4,845 Shares of McDonald's Corporation (NYSE:MCD)

Fishman Jay A Ltd. MI decreased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 69.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,108 shares of the fast-food giant's stock after selling 4,845 shares during the quarter. Fishman Jay A Ltd. MI's holdings in McDonald's were worth $658,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the period. Union Bancaire Privee UBP SA acquired a new position in McDonald's during the 4th quarter valued at about $64,805,000. Revolve Wealth Partners LLC lifted its position in McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the period. Bank Pictet & Cie Europe AG lifted its position in McDonald's by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the period. Finally, Strategic Financial Concepts LLC lifted its position in McDonald's by 4.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 880 shares of the fast-food giant's stock valued at $255,000 after purchasing an additional 38 shares during the period. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of MCD opened at $286.75 on Friday. The firm has a 50-day moving average of $310.55 and a 200-day moving average of $302.78. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The company has a market cap of $205.04 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.02 and a beta of 0.56.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the company posted $2.70 EPS. McDonald's's quarterly revenue was down 3.5% compared to the same quarter last year. Analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is presently 62.49%.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business'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 transaction of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company's stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on MCD shares. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. TD Securities reiterated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Barclays increased their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $321.79.

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.

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