Jmac Enterprises LLC Lowers Holdings in McDonald's Corporation (NYSE:MCD)

Jmac Enterprises LLC trimmed its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 67.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new position in McDonald's in the fourth quarter worth about $25,000. Atala Financial Inc purchased a new position in McDonald's in the fourth quarter worth about $26,000. Pinney & Scofield Inc. purchased a new position in McDonald's in the fourth quarter worth about $29,000. Fairway Wealth LLC boosted its position in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald's during the 4th quarter valued at about $30,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 2,817 shares of company stock worth $865,843 in the last quarter. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. TD Securities reaffirmed a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Finally, Argus cut McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $321.79.

McDonald's Stock Performance

NYSE:MCD traded up $0.24 during trading hours on Thursday, reaching $285.79. The stock had a trading volume of 5,327,904 shares, compared to its average volume of 3,528,449. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a 50 day moving average price of $308.63 and a two-hundred day moving average price of $302.49. The stock has a market capitalization of $204.35 billion, a PE ratio of 25.22, a PEG ratio of 2.98 and a beta of 0.56.

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

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is currently 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.