McDonald's Corporation $MCD Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. has reduced its stake in McDonald's by 51.9%, now holding approximately 434,563 shares valued at $135.7 million.
• Several institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, have increased their holdings in McDonald's during the fourth quarter, with institutional ownership now at 70.29%.
• McDonald's reported quarterly earnings of $3.19 per share, exceeding expectations, with an announced dividend of $1.77 per share, yielding 2.2% annually.

Alyeska Investment Group L.P. trimmed its position in McDonald's Corporation (NYSE:MCD - Free Report) by 51.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,563 shares of the fast-food giant's stock after selling 468,959 shares during the period. Alyeska Investment Group L.P. owned about 0.06% of McDonald's worth $135,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First American Trust FSB lifted its holdings in McDonald's by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after purchasing an additional 13,234 shares in the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of McDonald's by 1.9% during the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after acquiring an additional 109 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of McDonald's by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after acquiring an additional 18,393 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in shares of McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after acquiring an additional 3,212 shares during the period. Finally, Segment Wealth Management LLC lifted its holdings in shares of McDonald's by 1.7% during the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after acquiring an additional 937 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This trade represents a 12.73% 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. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,341 shares of company stock worth $2,544,327 over the last three months. Insiders own 0.25% of the company's stock.

McDonald's Trading Down 0.8%

NYSE:MCD traded down $2.69 during trading hours on Friday, hitting $314.30. The stock had a trading volume of 2,533,016 shares, compared to its average volume of 2,961,695. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business has a 50 day simple moving average of $303.87 and a two-hundred day simple moving average of $306.45. The company has a market cap of $224.28 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the company earned $2.97 earnings per share. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday. Barclays raised their price target on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Melius assumed coverage on shares of McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price objective for the company. TD Securities reissued a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. Finally, Citigroup raised their target price on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Twelve analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $325.35.

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.