Foundations Investment Advisors LLC Sells 8,035 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Foundations Investment Advisors LLC reduced its stake in McDonald's Corporation by 25.1%, selling 8,035 shares and now holding a total of 23,979 shares valued at approximately $7.49 million.
• McDonald's announced a quarterly dividend of $1.77 per share, payable on September 16, with a yield of 2.37% and a payout ratio of 62.49%.
• Despite a revenue decline of 3.5% compared to the same quarter last year, McDonald's earnings per share matched analysts' expectations at $2.67 with a reported revenue of $5.96 billion.

Foundations Investment Advisors LLC lowered its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 25.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 23,979 shares of the fast-food giant's stock after selling 8,035 shares during the period. Foundations Investment Advisors LLC's holdings in McDonald's were worth $7,490,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Granite Bay Wealth Management LLC boosted its holdings in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC boosted its stake in McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after acquiring an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC boosted its stake in McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after acquiring an additional 33 shares during the last quarter. Security Financial Services INC. lifted its stake in shares of McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after buying an additional 33 shares in the last quarter. Finally, Northeast Financial Consultants Inc lifted its stake in shares of McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after buying an additional 34 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald'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 transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,147,992 in the last ninety days. Insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MCD shares. Melius started coverage on shares of McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. KeyCorp cut their price objective on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. TD Securities reaffirmed a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Robert W. Baird upped their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Piper Sandler raised their target price 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $323.39.

McDonald's Stock Performance

Shares of MCD stock traded up $3.09 during trading hours on Friday, reaching $303.16. The company had a trading volume of 1,619,619 shares, compared to its average volume of 3,583,789. The business has a fifty day moving average price of $299.68 and a 200-day moving average price of $303.37. McDonald's Corporation has a one year low of $265.33 and a one year high of $326.32. The firm has a market cap of $216.77 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.18 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for 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%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 earnings per share. Equities research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders 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 yield of 2.3%. McDonald's's payout ratio is currently 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.