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 decreased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC increased its stake in shares of McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its stake in shares of McDonald's by 6,396.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 4,158 shares of the fast-food giant's stock worth $1,205,000 after purchasing an additional 4,094 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

NYSE:MCD opened at $299.24 on Tuesday. The firm's 50-day moving average price is $300.56 and its 200-day moving average price is $303.25. The company has a market capitalization of $213.97 billion, a PE ratio of 26.41, a P/E/G ratio of 3.12 and a beta of 0.53. McDonald's Corporation has a 1-year low of $250.23 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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. The company had revenue of $5.96 billion for the quarter, compared to analysts' expectations 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 was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.70 EPS. Equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.37%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction dated 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 represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock worth $1,147,992 in the last 90 days. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Piper Sandler boosted their price objective on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. 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. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, TD Securities reiterated a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $322.00.

McDonald's 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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