Stephens Inc. AR Sells 35,727 Shares of McDonald's Corporation (NYSE:MCD)

Stephens Inc. AR lessened its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 36.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,200 shares of the fast-food giant's stock after selling 35,727 shares during the quarter. Stephens Inc. AR's holdings in McDonald's were worth $19,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's in the 4th quarter valued at about $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's in the 4th quarter valued at about $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald's in the 4th quarter valued at about $30,000. Finally, Abound Financial LLC purchased a new stake in shares of McDonald's in the 1st quarter valued at about $30,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer 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 sold 3,817 shares of company stock worth $1,165,843 over the last three months. Corporate insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.5%

Shares of MCD stock traded up $1.41 during trading hours 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. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32. The stock has a market capitalization of $214.37 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.13 and a beta of 0.53. The firm's fifty day simple moving average is $304.11 and its 200 day simple moving average is $302.54.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.77 dividend. 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 (DPR) is 62.49%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCD. TD Securities reaffirmed a "hold" rating and issued a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. KeyCorp decreased their price objective on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Barclays raised their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley reissued an "equal weight" rating and set a $324.00 price objective (down from $329.00) on shares of McDonald's in a report on Monday, June 9th. Finally, Piper Sandler upped their price objective on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and an average target price of $322.29.

About McDonald's

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.