Focused Investors LLC Has $131.09 Million Position in McDonald's Corporation (NYSE:MCD)

Focused Investors LLC decreased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,650 shares of the fast-food giant's stock after selling 10,200 shares during the quarter. McDonald's accounts for about 4.2% of Focused Investors LLC's holdings, making the stock its 9th biggest position. Focused Investors LLC owned about 0.06% of McDonald's worth $131,086,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new stake in McDonald's in the 4th quarter valued at approximately $25,000. Atala Financial Inc purchased a new stake in McDonald's in the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in McDonald's in the 4th quarter valued at $29,000. GKV Capital Management Co. Inc. acquired a new position in McDonald's in the 4th quarter valued at $30,000. Finally, Abound Financial LLC acquired a new position in McDonald's in the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MCD. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a report on Thursday, July 10th. TD Securities reiterated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a 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 report on Monday, May 5th. Finally, Piper Sandler boosted their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $319.48.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm'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 transaction, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,165,843 in the last quarter. Company insiders own 0.25% of the company's stock.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $0.33 during trading hours on Thursday, hitting $299.23. The stock had a trading volume of 1,159,676 shares, compared to its average volume of 3,521,131. The stock's fifty day simple moving average is $303.10 and its 200 day simple moving average is $302.60. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32. The firm has a market capitalization of $213.95 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.12 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting 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 business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the business earned $2.70 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio is presently 62.49%.

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.