McDonald's Co. (NYSE:MCD) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. cut its stake in McDonald's Co. (NYSE:MCD - Free Report) by 11.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,802 shares of the fast-food giant's stock after selling 6,255 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in McDonald's were worth $14,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mattern Capital Management LLC increased its position in McDonald's by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after purchasing an additional 579 shares during the last quarter. Bell Bank lifted its position in shares of McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after buying an additional 371 shares during the last quarter. Integral Investment Advisors Inc. lifted its position in shares of McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares during the last quarter. Aviva PLC raised its position in shares of McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Finally, Great Waters Wealth Management acquired a new stake in shares of McDonald's during the 1st quarter worth approximately $864,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on MCD shares. BMO Capital Markets restated an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. TD Securities reiterated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Citigroup upped their target price on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, KeyCorp increased their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. 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 stock. According to data from MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus target price of $321.79.

McDonald's Trading Down 0.5%

Shares of NYSE:MCD traded down $1.59 during trading on Friday, reaching $301.57. 2,424,707 shares of the company traded hands, compared to its average volume of 3,506,984. The firm has a market capitalization of $215.63 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The business's fifty day moving average is $311.95 and its 200-day moving average is $302.97.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the firm posted $2.70 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. McDonald's's dividend payout ratio is currently 62.49%.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred 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 sale, the insider now owns 11,161 shares of the company's stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

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.