McDonald's Corporation (NYSE:MCD) Shares Sold by Spinnaker Trust

Spinnaker Trust reduced its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 15.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,607 shares of the fast-food giant's stock after selling 2,159 shares during the period. Spinnaker Trust's holdings in McDonald's were worth $3,626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Insight Inv LLC lifted its position in shares of McDonald's by 1,022.6% during the 1st quarter. Insight Inv LLC now owns 15,615 shares of the fast-food giant's stock valued at $4,878,000 after acquiring an additional 14,224 shares during the period. MorganRosel Wealth Management LLC purchased a new position in McDonald's in the 1st quarter valued at approximately $65,000. Valley National Advisers Inc. raised its holdings in McDonald's by 2.1% during the first quarter. Valley National Advisers Inc. now owns 13,023 shares of the fast-food giant's stock worth $4,067,000 after purchasing an additional 263 shares during the last quarter. Jacobsen Capital Management boosted its position in McDonald's by 11.0% during the first quarter. Jacobsen Capital Management now owns 1,078 shares of the fast-food giant's stock worth $337,000 after purchasing an additional 107 shares in the last quarter. Finally, LifePlan Financial LLC boosted its position in McDonald's by 7.2% during the first quarter. LifePlan Financial LLC now owns 3,105 shares of the fast-food giant's stock worth $970,000 after purchasing an additional 209 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Down 0.3%

Shares of NYSE MCD traded down $0.83 during trading on Thursday, hitting $293.80. 1,678,645 shares of the company traded hands, compared to its average volume of 3,530,036. The firm has a market capitalization of $210.08 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.11 and a beta of 0.53. The company has a 50-day moving average price of $307.01 and a 200-day moving average price of $302.40. McDonald's Corporation has a 1 year low of $243.53 and a 1 year high of $326.32.

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

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BMO Capital Markets restated an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. KeyCorp lowered their price target on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Barclays raised their price objective on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $321.17.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business'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 transaction of $270,920.28. Following the completion of the sale, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 in the last 90 days. Company insiders own 0.25% of the company's stock.

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.