RBO & Co. LLC Has $33.84 Million Stock Position in McDonald's Corporation $MCD

Key Points

• RBO & Co. LLC has reduced its stake in McDonald's Corporation by 3.3%, now holding 108,326 shares valued at approximately $33.84 million.
• Analyst ratings for McDonald's show a consensus of "Hold", with a target price average of $326.38, indicating mixed sentiment among investment analysts.
• McDonald's announced a quarterly dividend of $1.77, reflecting a 2.3% dividend yield, to be paid on September 16th to stockholders on record as of September 2nd.

RBO & Co. LLC cut its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,326 shares of the fast-food giant's stock after selling 3,724 shares during the quarter. McDonald's accounts for 5.4% of RBO & Co. LLC's holdings, making the stock its 4th largest position. RBO & Co. LLC's holdings in McDonald's were worth $33,838,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MCD. Mascagni Wealth Management Inc. bought a new position in shares of McDonald's during the fourth quarter worth approximately $25,000. Pinney & Scofield Inc. bought a new position in McDonald's in the fourth quarter valued at approximately $29,000. Abound Financial LLC bought a new position in McDonald's in the first quarter valued at approximately $30,000. Copia Wealth Management bought a new position in McDonald's in the fourth quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald's in the first quarter valued at approximately $31,000. 70.29% of the stock is owned by institutional investors.

McDonald's Trading Down 0.3%

MCD stock traded down $0.89 during midday trading on Monday, hitting $313.18. The stock had a trading volume of 2,934,831 shares, compared to its average volume of 3,499,843. The firm has a market cap of $223.49 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business has a fifty day moving average price of $299.36 and a two-hundred day moving average price of $306.05.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The business 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%. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 earnings per share. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on shares of McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. TD Securities restated a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Thirteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $326.38.

Insider Activity at McDonald's

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction on 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 sale, the executive vice president directly owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction 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 approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,341 shares of company stock valued at $2,229,327. 0.25% of the stock is currently owned by company insiders.

About McDonald's

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.