Mondrian Investment Partners LTD Has $112.67 Million Stock Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Mondrian Investment Partners LTD has decreased its stake in McDonald's Corporation by 11.0%, now holding approximately 360,687 shares valued at around $112.67 million.
• Insider selling is notable, with Joseph M. Erlinger and EVP Desiree Ralls-Morrison recently selling shares, resulting in decreases in their ownership positions of 9.19% and 22.12%, respectively.
• McDonald's announced a quarterly dividend of $1.77 per share, reflecting a dividend yield of 2.3%, to be paid to shareholders of record on September 2nd.

Mondrian Investment Partners LTD lessened its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,687 shares of the fast-food giant's stock after selling 44,758 shares during the period. McDonald's accounts for about 1.9% of Mondrian Investment Partners LTD's investment portfolio, making the stock its 27th biggest holding. Mondrian Investment Partners LTD owned 0.05% of McDonald's worth $112,668,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in shares of McDonald's during the first quarter valued at approximately $30,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the fourth quarter valued at approximately $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's during the first quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of McDonald's during the first quarter valued at approximately $31,000. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

McDonald's stock traded up $3.57 during trading hours on Thursday, hitting $308.64. The company had a trading volume of 4,698,548 shares, compared to its average volume of 3,468,737. The firm has a market capitalization of $220.25 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 3.11 and a beta of 0.52. The firm's fifty day moving average is $298.03 and its 200-day moving average is $304.85. McDonald's Corporation has a fifty-two week low of $271.85 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 EPS. Analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's dividend payout ratio is currently 60.67%.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a research note on Thursday, July 10th. Robert W. Baird raised their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, TD Securities restated a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $326.87.

Insider Buying and Selling

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business'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 sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business'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 transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,280 shares of company stock worth $2,215,178. Insiders own 0.25% of the company's stock.

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.