Moloney Securities Asset Management LLC Cuts Stock Position in McDonald's Corporation (NYSE:MCD)

Moloney Securities Asset Management LLC trimmed its position in McDonald's Corporation (NYSE:MCD - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,364 shares of the fast-food giant's stock after selling 4,085 shares during the period. Moloney Securities Asset Management LLC's holdings in McDonald's were worth $2,925,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MCD. Brighton Jones LLC lifted its stake in McDonald's by 21.6% in the fourth 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 last quarter. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% during 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 in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after acquiring an additional 27,774 shares in the last quarter. GHE LLC increased its position in shares of McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of McDonald's by 50.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,038 shares of the fast-food giant's stock valued at $591,000 after acquiring an additional 686 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MCD. Robert W. Baird raised their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a report on Thursday. TD Securities reiterated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. Finally, BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $322.29.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred 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 directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,817 shares of company stock valued at $1,165,843. Insiders own 0.25% of the company's stock.

McDonald's Trading Up 1.9%

Shares of NYSE:MCD traded up $5.58 on Thursday, reaching $298.60. The company had a trading volume of 5,364,588 shares, compared to its average volume of 3,536,694. The firm has a market capitalization of $213.51 billion, a PE ratio of 26.36, a PEG ratio of 3.06 and a beta of 0.53. McDonald's Corporation has a 52-week low of $246.12 and a 52-week high of $326.32. The firm's 50 day simple moving average is $304.35 and its 200-day simple moving average is $302.44.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the firm earned $2.70 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. McDonald's's dividend payout ratio is currently 62.49%.

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.