Trivium Point Advisory LLC Sells 958 Shares of McDonald's Corporation $MCD

Key Points

• Trivium Point Advisory LLC reduced its holdings in McDonald's Corporation by 5.2%, owning 17,392 shares worth approximately $5.43 million after selling 958 shares.
• In the first quarter, several hedge funds modified their holdings, with First American Trust FSB increasing its holdings by 55.9% to 36,917 shares valued at $11.53 million.
• McDonald's reported earnings of $3.19 per share for the last quarter, exceeding analysts' expectations, along with a revenue increase of 5.4% year-over-year, totaling $6.84 billion.

Trivium Point Advisory LLC reduced its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,392 shares of the fast-food giant's stock after selling 958 shares during the period. Trivium Point Advisory LLC's holdings in McDonald's were worth $5,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Mascagni Wealth Management Inc. bought a new position in McDonald's during the fourth quarter worth about $25,000. Pinney & Scofield Inc. bought a new position in McDonald's during the fourth quarter worth about $29,000. GKV Capital Management Co. Inc. bought a new position in McDonald's during the fourth quarter worth about $30,000. Abound Financial LLC bought a new position in McDonald's during the first quarter worth about $30,000. Finally, Copia Wealth Management bought a new position in McDonald's during the fourth quarter worth about $31,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is owned by insiders.

McDonald's Price Performance

NYSE MCD traded up $3.8250 during trading on Tuesday, reaching $312.5250. 1,280,307 shares of the company's stock were exchanged, compared to its average volume of 3,597,451. The business has a 50 day moving average price of $298.14 and a 200-day moving average price of $305.31. The stock has a market capitalization of $223.02 billion, a P/E ratio of 26.79, a PEG ratio of 3.15 and a beta of 0.52. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.97 earnings per share. On average, analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's payout ratio is 60.67%.

Analyst Ratings Changes

Several research firms have weighed in on MCD. Barclays lifted their target price on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Piper Sandler lifted their price target on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Evercore ISI lifted their price target on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. TD Securities reissued a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Finally, Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and an average target price of $326.87.

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.