Perbak Capital Partners LLP Reduces Position in McDonald's Corporation $MCD

Key Points

• Perbak Capital Partners LLP significantly reduced its stake in McDonald's Corporation by selling 6,549 shares, lowering its holdings by 87% to just 982 shares, valued at $307,000.
• McDonald's announced a quarterly dividend of $1.77 per share, which will be paid to shareholders on September 16th, marking a 2.2% yield based on an annualized dividend of $7.08.
• As of the most recent report, 70.29% of McDonald's stock is owned by institutional investors and hedge funds, reflecting significant institutional interest in the company.

Perbak Capital Partners LLP trimmed its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 87.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 982 shares of the fast-food giant's stock after selling 6,549 shares during the quarter. Perbak Capital Partners LLP's holdings in McDonald's were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC lifted its position in McDonald's by 4.1% during the 1st quarter. EP Wealth Advisors LLC now owns 224,203 shares of the fast-food giant's stock worth $70,034,000 after acquiring an additional 8,795 shares during the period. GW Henssler & Associates Ltd. lifted its position in McDonald's by 3.8% during the 1st quarter. GW Henssler & Associates Ltd. now owns 47,551 shares of the fast-food giant's stock worth $14,854,000 after acquiring an additional 1,730 shares during the period. 1248 Management LLC acquired a new stake in McDonald's during the 1st quarter worth approximately $33,000. Beck Mack & Oliver LLC lifted its position in McDonald's by 73.1% during the 1st quarter. Beck Mack & Oliver LLC now owns 2,155 shares of the fast-food giant's stock worth $673,000 after acquiring an additional 910 shares during the period. Finally, ICW Investment Advisors LLC lifted its position in McDonald's by 0.6% during the 1st quarter. ICW Investment Advisors LLC now owns 10,087 shares of the fast-food giant's stock worth $3,151,000 after acquiring an additional 60 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Down 0.8%

Shares of MCD stock traded down $2.69 during mid-day trading on Friday, hitting $314.30. 2,533,016 shares of the company's stock were exchanged, compared to its average volume of 2,961,695. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a 50-day simple moving average of $303.87 and a two-hundred day simple moving average of $306.45. The stock has a market cap of $224.28 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 3.23 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 earnings per share. As a group, analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 60.67%.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,341 shares of company stock valued at $2,544,327. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. KeyCorp reissued an "overweight" rating and set a $335.00 target price (up from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Stifel Nicolaus upped their price target on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a report on Friday, August 22nd. The Goldman Sachs Group upgraded 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, July 10th. Morgan Stanley upped their price target on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Finally, TD Securities restated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $325.35.

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.