Flossbach Von Storch SE Sells 57,281 Shares of McDonald's Corporation (NYSE:MCD)

Flossbach Von Storch SE lessened its position in McDonald's Corporation (NYSE:MCD - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,417 shares of the fast-food giant's stock after selling 57,281 shares during the quarter. Flossbach Von Storch SE owned about 0.06% of McDonald's worth $143,820,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Trek Financial LLC grew its position in McDonald's by 300.0% in the 1st quarter. Trek Financial LLC now owns 4,860 shares of the fast-food giant's stock worth $1,518,000 after purchasing an additional 3,645 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in McDonald's by 8.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,105,904 shares of the fast-food giant's stock worth $338,087,000 after purchasing an additional 84,296 shares during the last quarter. Personal CFO Solutions LLC grew its position in McDonald's by 4.5% in the 1st quarter. Personal CFO Solutions LLC now owns 2,786 shares of the fast-food giant's stock worth $870,000 after purchasing an additional 120 shares during the last quarter. Opus Capital Group LLC grew its position in McDonald's by 8.6% in the 1st quarter. Opus Capital Group LLC now owns 1,990 shares of the fast-food giant's stock worth $622,000 after purchasing an additional 157 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in McDonald's by 2.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 26,104 shares of the fast-food giant's stock worth $8,154,000 after purchasing an additional 664 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler raised their price target on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research 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. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Robert W. Baird lifted their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, KeyCorp decreased their target price on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $321.17.

McDonald's Price Performance

MCD opened at $291.70 on Wednesday. The company has a market cap of $208.57 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. The firm has a 50 day simple moving average of $305.18 and a 200 day simple moving average of $302.45. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business 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 31.75% and a negative return on equity of 195.27%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. As a group, analysts expect 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. Investors of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 2,817 shares of company stock worth $865,843 over the last ninety days. Insiders own 0.25% of the company's stock.

About McDonald's

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.