Mizuho Markets Americas LLC Trims Stake in McDonald's Corporation (NYSE:MCD)

Key Points

• Mizuho Markets Americas LLC has reduced its stake in McDonald's Corporation by 48.5%, now holding 4,526 shares valued at approximately $1.41 million.
• Insiders have been selling shares, with EVP Desiree Ralls-Morrison and Joseph M. Erlinger reducing their holdings, highlighting a 22.12% and 9.19% decrease respectively.
• McDonald's announced a quarterly dividend of $1.77 per share, which will be paid on September 16th, representing an annualized yield of 2.3%.

Mizuho Markets Americas LLC reduced its position in McDonald's Corporation (NYSE:MCD - Free Report) by 48.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,526 shares of the fast-food giant's stock after selling 4,260 shares during the quarter. Mizuho Markets Americas LLC's holdings in McDonald's were worth $1,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Brighton Jones LLC raised its position in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 1,649 shares during the period. Revolve Wealth Partners LLC raised its position in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares during the period. Bank Pictet & Cie Europe AG raised its position in McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares during the period. GHE LLC raised its position in McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares during the period. Finally, F M Investments LLC raised its position in McDonald's by 39.5% in the 4th quarter. F M Investments LLC now owns 7,928 shares of the fast-food giant's stock worth $2,298,000 after purchasing an additional 2,244 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on 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 of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,280 shares of company stock worth $2,215,178. Company insiders own 0.25% of the company's stock.

McDonald's Stock Down 0.7%

Shares of MCD opened at $305.62 on Friday. The company has a market cap of $218.09 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52. McDonald's Corporation has a twelve month low of $265.33 and a twelve month high of $326.32. The company has a 50 day moving average of $298.57 and a two-hundred day moving average of $304.49.

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

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is presently 60.67%.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Morgan Stanley raised their target price on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Truist Financial raised their target price on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $350.00 target price (up from $345.00) on shares of McDonald's in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.

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