McDonald's Co. (NYSE:MCD) Holdings Reduced by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC decreased its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 75.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 655 shares of the fast-food giant's stock after selling 1,979 shares during the quarter. S.E.E.D. Planning Group LLC's holdings in McDonald's were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after buying an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in McDonald's in the 4th quarter worth $64,805,000. Revolve Wealth Partners LLC lifted its holdings in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after buying an additional 52 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in McDonald's by 17.4% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,556 shares of the fast-food giant's stock worth $451,000 after buying an additional 231 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its holdings in McDonald's by 1.0% in the 4th quarter. Strategic Blueprint LLC now owns 4,521 shares of the fast-food giant's stock worth $1,311,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

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 dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.82 during trading on Friday, reaching $313.68. 4,056,929 shares of the company's stock traded hands, compared to its average volume of 3,515,946. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a 50 day moving average of $312.40 and a 200-day moving average of $302.03. The stock has a market capitalization of $224.29 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last announced 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 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio is presently 62.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MCD shares. Morgan Stanley cut their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. BMO Capital Markets reiterated 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. KeyCorp upped their target price on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Citigroup upped their target price on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Truist Financial set a $350.00 target price on shares of McDonald's in a research note on Friday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

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.