Focus Partners Advisor Solutions LLC Has $2.04 Million Stock Holdings in McDonald's Corporation $MCD

Key Points

• Focus Partners Advisor Solutions LLC has reduced its stake in McDonald's by 32.8%, now holding 6,538 shares valued at approximately $2.04 million.
• McDonald's announced a quarterly dividend of $1.77 per share, with an annual yield of 2.2%, payable to investors of record on September 2nd.
• Despite some analysts downgrading their ratings, McDonald's maintains a consensus rating of "Hold" with a price target of approximately $324.91.

Focus Partners Advisor Solutions LLC reduced its position in McDonald's Corporation (NYSE:MCD - Free Report) by 32.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,538 shares of the fast-food giant's stock after selling 3,193 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in McDonald's were worth $2,042,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MCD. Beck Mack & Oliver LLC boosted its position in shares of McDonald's by 73.1% during the first quarter. Beck Mack & Oliver LLC now owns 2,155 shares of the fast-food giant's stock worth $673,000 after buying an additional 910 shares during the period. ICW Investment Advisors LLC raised its stake in McDonald's by 0.6% during the 1st quarter. ICW Investment Advisors LLC now owns 10,087 shares of the fast-food giant's stock valued at $3,151,000 after purchasing an additional 60 shares during the period. Benchstone Capital Management LP raised its stake in McDonald's by 1.2% during the 1st quarter. Benchstone Capital Management LP now owns 73,240 shares of the fast-food giant's stock valued at $22,878,000 after purchasing an additional 835 shares during the period. Armistice Capital LLC acquired a new position in shares of McDonald's in the first quarter worth $12,495,000. Finally, Cura Wealth Advisors LLC bought a new stake in McDonald's in the first quarter worth $285,000. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Performance

Shares of NYSE MCD traded down $2.69 during mid-day trading on Friday, hitting $314.30. 2,533,016 shares of the stock were exchanged, compared to its average volume of 2,961,695. The company has a market cap of $224.28 billion, a P/E ratio of 26.93, a PEG ratio of 3.20 and a beta of 0.50. The stock's fifty day simple moving average is $303.87 and its two-hundred day simple moving average is $306.48. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.97 earnings per share. As a group, equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MCD shares. Truist Financial upped their price objective on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Morgan Stanley upped their price objective on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Melius started coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective for the company. Citigroup upped their price target on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Guggenheim restated a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, McDonald's presently has an average rating of "Hold" and a consensus target price of $325.35.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,341 shares of company stock worth $2,544,327. Corporate 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.