McDonald's Co. (NYSE:MCD) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. reduced its stake in McDonald's Co. (NYSE:MCD - Free Report) by 14.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,910 shares of the fast-food giant's stock after selling 4,355 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in McDonald's were worth $7,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of 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. Union Bancaire Privee UBP SA purchased a new stake in McDonald's in the fourth quarter worth $64,805,000. Lebenthal Global Advisors LLC lifted its stake in McDonald's by 23.8% in the fourth quarter. Lebenthal Global Advisors LLC now owns 827 shares of the fast-food giant's stock worth $240,000 after acquiring an additional 159 shares during the period. Revolve Wealth Partners LLC lifted its stake in 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 worth $563,000 after acquiring an additional 52 shares during the period. Finally, Genesee Capital Advisors LLC lifted its stake in McDonald's by 6.6% in the fourth quarter. Genesee Capital Advisors LLC now owns 3,783 shares of the fast-food giant's stock worth $1,097,000 after acquiring an additional 234 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Up 0.6%

Shares of NYSE MCD traded up $1.82 during mid-day trading on Friday, reaching $313.68. 4,056,929 shares of the company were exchanged, compared to its average volume of 3,526,384. The stock has a market cap of $224.29 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a 50-day moving average of $312.40 and a 200 day moving average of $302.00.

McDonald's (NYSE:MCD - Get Free Report) last issued 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. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 EPS. On average, equities analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. 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. KeyCorp raised their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Robert W. Baird raised their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, Barclays raised their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.

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.