Jmac Enterprises LLC Trims Stock Position in McDonald's Corporation (NYSE:MCD)

Jmac Enterprises LLC trimmed its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 67.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,744 shares of the fast-food giant's stock after selling 5,607 shares during the quarter. Jmac Enterprises LLC's holdings in McDonald's were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Granite Bay Wealth Management LLC raised its holdings in McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after acquiring an additional 33 shares during the period. CVA Family Office LLC raised its holdings in McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after acquiring an additional 33 shares during the period. Consilium Wealth Advisory LLC raised its holdings in McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after acquiring an additional 33 shares during the period. Northeast Financial Consultants Inc raised its holdings in McDonald's by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after acquiring an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. raised its holdings in McDonald's by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on MCD shares. Barclays lifted their target price on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Truist Financial set a $350.00 price objective on shares of McDonald's in a report on Friday, May 2nd. Finally, TD Securities restated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $321.79.

McDonald's Stock Down 1.0%

NYSE:MCD opened at $286.75 on Monday. The firm has a market cap of $205.04 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.00 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 company's 50-day moving average price is $310.55 and its two-hundred day moving average price is $302.86.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.70 earnings per share. On average, research analysts expect 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 was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.47%. McDonald's's dividend payout ratio (DPR) 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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