Menora Mivtachim Holdings LTD. Reduces Stake in McDonald's Corporation $MCD

Key Points

• Menora Mivtachim Holdings LTD. has reduced its stake in McDonald's by 17.7%, holding 408,677 shares after selling 87,662 shares during the first quarter.
• Several hedge funds have increased their positions in McDonald's, with First American Trust FSB boosting its holdings by 55.9% during the same period.
• The company recently announced a quarterly dividend of $1.77 per share, with an ex-dividend date of September 2, and a resulting annualized yield of 2.3%.

Menora Mivtachim Holdings LTD. lowered its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 17.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 408,677 shares of the fast-food giant's stock after selling 87,662 shares during the period. Menora Mivtachim Holdings LTD. owned 0.06% of McDonald's worth $127,658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in McDonald's during the fourth quarter worth $25,000. Pinney & Scofield Inc. acquired a new position in McDonald's during the fourth quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new position in McDonald's during the fourth quarter worth $30,000. Abound Financial LLC acquired a new position in McDonald's during the first quarter worth $30,000. Finally, Copia Wealth Management purchased a new stake in McDonald's in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 976 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $303.50, for a total value of $296,216.00. Following the sale, the chief marketing officer owned 7,882 shares in the company, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,280 shares of company stock worth $2,525,178 in the last quarter. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. Barclays lifted their target price on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Truist Financial lifted their target price on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. KeyCorp restated an "overweight" rating and issued a $335.00 target price (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. BMO Capital Markets restated an "outperform" rating and issued a $350.00 target price (up previously from $345.00) on shares of McDonald's in a research report on Thursday, August 7th. Finally, Melius initiated coverage on McDonald's in a research report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $326.87.

McDonald's Trading Up 0.7%

MCD traded up $2.20 during mid-day trading on Wednesday, hitting $313.13. 2,964,179 shares of the stock were exchanged, compared to its average volume of 3,602,800. The firm's fifty day moving average is $298.34 and its two-hundred day moving average is $305.35. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a market cap of $223.45 billion, a PE ratio of 26.83, a PEG ratio of 3.15 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the business earned $2.97 EPS. McDonald's's revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate 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 will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio is 60.67%.

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.