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

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in McDonald's in the 4th quarter worth about $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $26,000. Abound Financial LLC bought a new position in McDonald's in the first quarter worth approximately $30,000. Pinney & Scofield Inc. purchased a new position in McDonald's during the 4th quarter worth $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in McDonald's during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

MCD stock traded up $1.41 during trading on Friday, hitting $299.80. 4,494,100 shares of the company traded hands, compared to its average volume of 3,540,627. McDonald's Corporation has a 1 year low of $246.12 and a 1 year high of $326.32. The company has a market cap of $214.37 billion, a PE ratio of 26.46, a P/E/G ratio of 3.06 and a beta of 0.53. The stock'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 released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.70 earnings per share. Research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCD. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Truist Financial increased their target price on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Wednesday. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Morgan Stanley reiterated an "equal weight" rating and issued a $324.00 target price (down from $329.00) on shares of McDonald's in a report on Monday, June 9th. Finally, Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $322.29.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,817 shares of company stock worth $1,165,843. Insiders own 0.25% of the company's stock.

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.