Hoertkorn Richard Charles Sells 2,232 Shares of McDonald's Corporation (NYSE:MCD)

Hoertkorn Richard Charles lowered its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 18.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,992 shares of the fast-food giant's stock after selling 2,232 shares during the quarter. McDonald's accounts for about 1.4% of Hoertkorn Richard Charles' investment portfolio, making the stock its 21st biggest position. Hoertkorn Richard Charles' holdings in McDonald's were worth $3,121,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of McDonald's by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC boosted its position in McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after buying an additional 157,458 shares in the last quarter. Capital Research Global Investors boosted its position in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after buying an additional 531,070 shares in the last quarter. Norges Bank bought a new stake in McDonald's during the fourth quarter worth about $2,725,190,000. Finally, Northern Trust Corp increased its holdings in shares of McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. TD Securities reissued a "hold" rating and set a $305.00 price objective on shares of McDonald's in a report on Thursday, June 5th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $324.00 target price (down previously from $329.00) on shares of McDonald's in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and an average price target of $321.79.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company's stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders sold 2,817 shares of company stock valued at $865,843. Company insiders own 0.25% of the company's stock.

McDonald's Stock Up 2.2%

NYSE MCD opened at $291.94 on Friday. The company has a market capitalization of $208.74 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56. McDonald's Corporation has a 12-month low of $243.53 and a 12-month high of $326.32. The firm's 50 day moving average is $308.26 and its 200-day moving average is $302.43.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the firm posted $2.70 earnings per share. The business's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is presently 62.49%.

McDonald's Company 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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