McDonald's Corporation (NYSE:MCD) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lowered its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 76.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,879 shares of the fast-food giant's stock after selling 103,338 shares during the quarter. Daymark Wealth Partners LLC's holdings in McDonald's were worth $9,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in McDonald's during the 4th quarter worth $25,000. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the 4th quarter worth $29,000. Fairway Wealth LLC raised its stake in shares of McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's in the 4th quarter worth $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by corporate insiders.

McDonald's Stock Performance

MCD opened at $291.50 on Wednesday. The company has a market cap of $208.43 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.02 and a beta of 0.56. The stock has a 50-day moving average of $309.60 and a 200-day moving average of $302.72. McDonald's Corporation has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly 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 company 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 revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.70 EPS. On average, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Truist Financial set a $350.00 price objective on McDonald's in a research note on Friday, May 2nd. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and cut their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 target price (down from $329.00) on shares of McDonald's in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $321.79.

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.

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