McDonald's Corporation (NYSE:MCD) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. decreased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,675 shares of the fast-food giant's stock after selling 2,095 shares during the period. Pittenger & Anderson Inc.'s holdings in McDonald's were worth $5,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Vanguard Group Inc. increased its holdings in McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after buying an additional 526,466 shares during the last quarter. Geode Capital Management LLC increased its holdings in McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after buying an additional 157,458 shares during the last quarter. Capital Research Global Investors increased its holdings in McDonald's by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after buying an additional 531,070 shares during the last quarter. Norges Bank purchased a new stake in McDonald's during the fourth quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp increased its holdings in McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MCD shares. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research note on Thursday. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Piper Sandler increased their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Finally, TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average target price of $322.29.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,817 shares of company stock valued at $1,165,843. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.5%

Shares of McDonald's stock traded up $1.41 on Friday, hitting $299.80. The company's stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,528,540. McDonald's Corporation has a 52-week low of $246.12 and a 52-week high of $326.32. The firm has a fifty day moving average price of $304.11 and a 200-day moving average price of $302.54. The company has a market capitalization of $214.37 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 EPS. As a group, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. 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.