Nisa Investment Advisors LLC Lowers Holdings in McDonald's Corporation (NYSE:MCD)

Nisa Investment Advisors LLC lowered its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221,511 shares of the fast-food giant's stock after selling 5,044 shares during the period. Nisa Investment Advisors LLC's holdings in McDonald's were worth $69,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Granite Bay Wealth Management LLC grew its holdings in McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after acquiring an additional 33 shares during the period. CVA Family Office LLC boosted its position in shares of McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its position in McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after acquiring an additional 33 shares in the last quarter. Northeast Financial Consultants Inc boosted its position in shares of McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after buying an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. grew its stake in shares of McDonald's by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

MCD stock traded up $1.41 on Friday, reaching $299.80. The company's stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,528,540. The business has a fifty day simple moving average of $304.11 and a two-hundred day simple moving average of $302.54. McDonald's Corporation has a 12-month low of $246.12 and a 12-month high of $326.32. The firm has a market cap of $214.37 billion, a PE ratio of 26.46, a PEG ratio of 3.13 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The business had revenue of $5.96 billion during 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%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 earnings per share. As a group, research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MCD shares. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Redburn Atlantic restated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Truist Financial upped their price target on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, TD Securities reissued a "hold" rating and issued a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $322.29.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock valued at $1,165,843 in the last three months. Insiders own 0.25% of the company's stock.

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.