Integrated Investment Consultants LLC Has $3.02 Million Stake in McDonald's Corporation (NYSE:MCD)

Key Points

• Integrated Investment Consultants LLC significantly reduced its stake in McDonald's by 56% in the first quarter, holding 9,679 shares valued at approximately $3.02 million after selling over 12,000 shares.
• Despite institutional fluctuations, about 70.29% of McDonald's stock is still held by hedge funds and institutional investors, indicating strong institutional interest.
• McDonald's announced a quarterly dividend of $1.77 per share, reflecting an annualized yield of 2.37% and a dividend payout ratio of 62.49%.

Integrated Investment Consultants LLC trimmed its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 56.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,679 shares of the fast-food giant's stock after selling 12,296 shares during the period. Integrated Investment Consultants LLC's holdings in McDonald's were worth $3,023,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC boosted its holdings in McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares in the last quarter. Aviva PLC increased its holdings in shares of McDonald's by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after acquiring an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in shares of McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after buying an additional 3,212 shares during the period. Finally, Segment Wealth Management LLC lifted its stake in shares of McDonald's by 1.7% in the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after purchasing an additional 937 shares during the period. Institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. TD Securities restated a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Piper Sandler raised their price objective on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, KeyCorp reduced their price target on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $322.00.

McDonald's Trading Up 0.3%

MCD traded up $0.77 on Monday, reaching $299.24. The stock had a trading volume of 3,069,525 shares, compared to its average volume of 3,481,643. The company has a market capitalization of $213.97 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. The firm has a 50-day moving average of $301.00 and a 200-day moving average of $303.13. McDonald's Corporation has a fifty-two week low of $250.23 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The business 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 period last year, the company earned $2.70 EPS. Sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal 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 2.37%. McDonald's's payout ratio is 62.49%.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction 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 completion of the transaction, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,817 shares of company stock worth $1,147,992. Insiders own 0.25% of the company's stock.

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.