Mn Services Vermogensbeheer B.V. Sells 19,600 Shares of McDonald's Co. (NYSE:MCD)

Mn Services Vermogensbeheer B.V. reduced its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 266,900 shares of the fast-food giant's stock after selling 19,600 shares during the period. McDonald's comprises 0.6% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 28th largest position. Mn Services Vermogensbeheer B.V.'s holdings in McDonald's were worth $83,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of 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 acquiring an additional 1,649 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of McDonald's during the 4th quarter valued at about $64,805,000. Revolve Wealth Partners LLC grew its holdings in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the period. Vontobel Holding Ltd. increased its position in McDonald's by 18.4% during the fourth quarter. Vontobel Holding Ltd. now owns 56,001 shares of the fast-food giant's stock worth $16,234,000 after purchasing an additional 8,714 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in McDonald's during the fourth quarter worth about $229,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and cut their price target for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Citigroup increased their price objective on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Finally, Piper Sandler increased their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $321.79.

McDonald's Stock Down 0.5%

MCD stock traded down $1.59 during midday trading on Friday, hitting $301.57. 2,424,707 shares of the company traded hands, compared to its average volume of 3,506,984. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market capitalization of $215.63 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The business has a 50 day simple moving average of $311.95 and a 200-day simple moving average of $302.97.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 EPS. Equities research analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

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.