McDonald's Corporation (NYSE:MCD) Shares Sold by Jensen Investment Management Inc.

Key Points

• Jensen Investment Management Inc. reduced its holdings in McDonald's Corporation by 14.6% during the first quarter, owning approximately 520,282 shares valued at $162.52 million.
• Several research analysts have recently downgraded McDonald's stock, with Argus changing its rating from "buy" to "hold" and Redburn Atlantic lowering its price objective from $319 to $260.
• McDonald's has declared a quarterly dividend of $1.77 per share, representing an annualized dividend yield of 2.4%.

Jensen Investment Management Inc. lowered its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 14.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 520,282 shares of the fast-food giant's stock after selling 88,827 shares during the period. McDonald's makes up approximately 1.8% of Jensen Investment Management Inc.'s investment portfolio, making the stock its 22nd largest position. Jensen Investment Management Inc. owned 0.07% of McDonald's worth $162,520,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC lifted its stake in McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after buying an additional 33 shares during the last quarter. CVA Family Office LLC boosted its stake in McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC grew its position in McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the last quarter. Security Financial Services INC. grew its position in 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 worth $1,575,000 after purchasing an additional 33 shares during the last quarter. Finally, Northeast Financial Consultants Inc increased its stake in McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Redburn Atlantic reiterated a "sell" rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Piper Sandler upped their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday. KeyCorp reiterated an "overweight" rating and issued a $335.00 target price (up from $325.00) on shares of McDonald's in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Barclays increased their price target on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $326.87.

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 976 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $303.50, for a total transaction of $296,216.00. Following the sale, the chief marketing officer owned 7,882 shares in the company, valued at approximately $2,392,187. This represents a 11.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm'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 directly owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock valued at $2,215,178 over the last quarter. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Performance

MCD stock traded down $2.29 during midday trading on Friday, hitting $305.62. 2,621,959 shares of the stock were exchanged, compared to its average volume of 3,681,905. The stock's 50-day moving average price is $298.57 and its 200-day moving average price is $304.33. The stock has a market cap of $218.09 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.21 and a beta of 0.52. McDonald's Corporation has a fifty-two week low of $265.33 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter last year, the business posted $2.97 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm 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 $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

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.