HM Payson & Co. Decreases Stock Holdings in McDonald's Corporation (NYSE:MCD)

HM Payson & Co. lowered its position in McDonald's Corporation (NYSE:MCD - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,140 shares of the fast-food giant's stock after selling 4,777 shares during the quarter. McDonald's makes up approximately 1.1% of HM Payson & Co.'s holdings, making the stock its 29th biggest position. HM Payson & Co.'s holdings in McDonald's were worth $62,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Granite Bay Wealth Management LLC increased its position in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after acquiring an additional 33 shares during the period. CVA Family Office LLC increased its position in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after acquiring an additional 33 shares during the period. Consilium Wealth Advisory LLC increased its position in shares of McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after acquiring an additional 33 shares during the period. Northeast Financial Consultants Inc increased its position in shares of McDonald's by 0.5% in the fourth 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 period. Finally, Tealwood Asset Management Inc. increased its position in shares of McDonald's by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

NYSE:MCD traded down $0.83 during mid-day trading on Friday, hitting $293.80. 1,678,645 shares of the company's stock were exchanged, compared to its average volume of 3,538,951. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The business has a fifty day moving average price of $306.11 and a 200 day moving average price of $302.36. The company has a market cap of $210.08 billion, a PE ratio of 25.14, a P/E/G ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business's revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.70 earnings per share. On average, equities analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the company'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 transaction, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 in the last 90 days. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MCD. Truist Financial set a $350.00 price objective on shares of McDonald's in a research report on Friday, May 2nd. TD Securities restated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. Morgan Stanley restated an "equal weight" rating and issued a $324.00 price objective (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Robert W. Baird boosted their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, 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 research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $321.17.

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.