McDonald's Corporation $MCD Shares Sold by Groupama Asset Managment

Key Points

• Groupama Asset Management significantly reduced its stake in McDonald's Corporation by 74.1%, selling 13,931 shares and owning 4,865 shares valued at approximately $1.49 million by the end of the reporting period.
• McDonald's recently reported earnings of $3.19 per share, exceeding estimates and showing a 5.4% revenue increase compared to the previous year, with a net margin of 32.21%.
• The company declared a quarterly dividend of $1.77 per share, with a yield of 2.3%, set to be paid on September 16th to shareholders of record.

Groupama Asset Managment cut its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 74.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,865 shares of the fast-food giant's stock after selling 13,931 shares during the quarter. Groupama Asset Managment's holdings in McDonald's were worth $1,494,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of McDonald's by 21.6% during the 4th 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 during the period. Revolve Wealth Partners LLC grew its stake in shares of McDonald's by 2.8% during the 4th 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 during the period. Bank Pictet & Cie Europe AG grew its stake in shares of McDonald's by 15.3% during the 4th 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 during the period. GHE LLC grew its stake in shares of McDonald's by 0.9% during the 4th 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 during the period. Finally, Harvest Investment Services LLC acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $457,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. TD Securities reaffirmed a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. BMO Capital Markets reissued an "outperform" rating and issued a $350.00 price target (up previously from $345.00) on shares of McDonald's in a research note on Thursday, August 7th. Finally, KeyCorp reissued an "overweight" rating and issued a $335.00 price target (up previously from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $326.38.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The stock was 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 $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,341 shares of company stock worth $2,229,327 in the last quarter. 0.25% of the stock is currently owned by insiders.

McDonald's Trading Up 0.2%

MCD stock traded up $0.5810 during midday trading on Friday, reaching $313.8010. The stock had a trading volume of 2,796,690 shares, compared to its average volume of 3,530,048. The company's fifty day simple moving average is $299.02 and its 200 day simple moving average is $305.84. The company has a market cap of $223.93 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

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

McDonald's Dividend Announcement

The business also recently declared 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. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is currently 60.67%.

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.