Keybank National Association OH Decreases Position in McDonald's Corporation (NYSE:MCD)

Keybank National Association OH lowered its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 394,700 shares of the fast-food giant's stock after selling 11,521 shares during the quarter. Keybank National Association OH owned 0.06% of McDonald's worth $123,293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MCD. 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 valued at $20,341,391,000 after buying an additional 526,466 shares during the period. Geode Capital Management LLC lifted its holdings in McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after acquiring an additional 157,458 shares in the last quarter. Capital Research Global Investors lifted its holdings in McDonald's by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after acquiring an additional 531,070 shares in the last quarter. Norges Bank acquired a new position in McDonald's in the fourth quarter valued at about $2,725,190,000. Finally, Northern Trust Corp increased its holdings in shares of McDonald's by 11.2% in 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 acquiring an additional 895,896 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Piper Sandler raised their target price on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Robert W. Baird upped their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. KeyCorp lowered their price objective on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. One investment 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. According to data from MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and a consensus price target of $321.17.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 in the last quarter. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock traded down $1.05 during trading on Thursday, reaching $293.58. 863,512 shares of the stock traded hands, compared to its average volume of 3,527,221. McDonald's Corporation has a 52-week low of $243.53 and a 52-week high of $326.32. The business has a fifty day simple moving average of $307.01 and a two-hundred day simple moving average of $302.40. The company has a market capitalization of $209.92 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 3.11 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last announced 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. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the company earned $2.70 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

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.