McDonald's Corporation (NYSE:MCD) Shares Sold by Hudson Value Partners LLC

Hudson Value Partners LLC cut its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 14.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,737 shares of the fast-food giant's stock after selling 2,217 shares during the quarter. McDonald's makes up approximately 1.5% of Hudson Value Partners LLC's holdings, making the stock its 23rd biggest holding. Hudson Value Partners LLC's holdings in McDonald's were worth $3,979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at about $25,000. Atala Financial Inc purchased a new position in McDonald's during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new position in McDonald's in the fourth quarter worth approximately $29,000. Fairway Wealth LLC raised its stake in McDonald's by 110.0% in the fourth 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. purchased a new stake in McDonald's during the fourth quarter worth $30,000. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCD. Piper Sandler lifted their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. KeyCorp lifted their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $321.79.

McDonald's Trading Up 0.7%

NYSE MCD traded up $1.96 on Monday, hitting $289.42. 4,930,696 shares of the company's stock traded hands, compared to its average volume of 3,515,860. The firm's 50-day moving average price is $310.55 and its two-hundred day moving average price is $302.86. The firm has a market capitalization of $206.94 billion, a PE ratio of 25.54, a P/E/G ratio of 3.00 and a beta of 0.56. 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 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 company had revenue of $5.96 billion during 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 firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.45%. McDonald's's payout ratio is 62.49%.

McDonald's Company 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.