McDonald's Co. (NYSE:MCD) Position Lowered by LS Investment Advisors LLC

LS Investment Advisors LLC lessened its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,141 shares of the fast-food giant's stock after selling 987 shares during the quarter. LS Investment Advisors LLC's holdings in McDonald's were worth $1,606,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Granite Bay Wealth Management LLC lifted its position in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares during the period. Northeast Financial Consultants Inc increased its stake in shares of McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after acquiring an additional 34 shares during the last quarter. Pettee Investors Inc. lifted its holdings in shares of McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after acquiring an additional 35 shares during the period. Covestor Ltd lifted its holdings in shares of McDonald's by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock worth $261,000 after acquiring an additional 35 shares during the period. Finally, Blue Barn Wealth LLC boosted its position in shares of McDonald's by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after acquiring an additional 36 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm'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 completion of the sale, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Trading Down 0.5%

MCD stock traded down $1.54 during trading on Friday, reaching $307.44. The stock had a trading volume of 2,621,006 shares, compared to its average volume of 3,492,077. The firm has a fifty day moving average price of $312.41 and a 200 day moving average price of $302.46. The company has a market capitalization of $219.83 billion, a P/E ratio of 26.99, a PEG ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. 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 company earned $2.70 earnings per share. Sell-side analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. KeyCorp upped their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $346.00 to $315.00 in a report on Friday. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Piper Sandler upped their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Thirteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $324.96.

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.