McDonald's Corporation (NYSE:MCD) Stock Holdings Lifted by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. increased its stake in McDonald's by 14.9%, acquiring an additional 73,897 shares, making it the fund's 8th largest position.
• Recent insider selling included Joseph M. Erlinger and Edith Morgan Flatley, with Erlinger selling 939 shares and Flatley selling 1,000 shares, indicating a decrease in their ownership percentages.
• McDonald's has reported a decrease in quarterly revenue of 3.5% compared to the previous year, totaling $5.96 billion against an expected $6.17 billion.

Phoenix Financial Ltd. grew its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 14.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 570,214 shares of the fast-food giant's stock after purchasing an additional 73,897 shares during the period. McDonald's comprises about 2.7% of Phoenix Financial Ltd.'s portfolio, making the stock its 8th biggest position. Phoenix Financial Ltd. owned about 0.08% of McDonald's worth $178,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's during the fourth quarter worth approximately $25,000. Abound Financial LLC acquired a new stake in shares of McDonald's in the first quarter valued at approximately $30,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $29,000. Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald's during the first quarter worth approximately $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of McDonald's during the first quarter worth approximately $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. TD Securities restated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Melius assumed coverage on McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective on the stock. Finally, Citigroup lifted their price objective on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $322.00.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,147,992 over the last three months. 0.25% of the stock is owned by insiders.

McDonald's Price Performance

Shares of MCD traded up $2.13 during midday trading on Tuesday, reaching $301.35. The stock had a trading volume of 1,111,902 shares, compared to its average volume of 3,588,784. McDonald's Corporation has a 52 week low of $260.31 and a 52 week high of $326.32. The firm's 50 day moving average price is $300.56 and its 200-day moving average price is $303.25. The company has a market capitalization of $215.47 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.12 and a beta of 0.53.

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 company 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 195.27% and a net margin of 31.75%. McDonald's'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 firm earned $2.70 earnings per share. On average, equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is 62.49%.

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.