McDonald's Corporation (NYSE:MCD) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC lessened its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,479 shares of the fast-food giant's stock after selling 1,448 shares during the period. McDonald's accounts for about 1.6% of MainStreet Investment Advisors LLC's holdings, making the stock its 20th biggest position. MainStreet Investment Advisors LLC's holdings in McDonald's were worth $10,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. purchased a new position in McDonald's in the 4th quarter valued at $25,000. Atala Financial Inc acquired a new stake in shares of McDonald's in the 4th quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the 4th quarter worth $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at about $30,000. Finally, Abound Financial LLC acquired a new position in shares of McDonald's during the first quarter worth about $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Piper Sandler raised their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 price target (down from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Finally, Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and cut their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $322.29.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,165,843 in the last 90 days. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

MCD stock traded up $1.41 during trading on Friday, hitting $299.80. The stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,528,540. The stock has a market cap of $214.37 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. The company's 50 day moving average price is $304.11 and its two-hundred day moving average price is $302.59. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the business posted $2.70 earnings per share. The company's revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is presently 62.49%.

McDonald's 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.