Regent Peak Wealth Advisors LLC Trims Holdings in McDonald's Co. (NYSE:MCD)

Regent Peak Wealth Advisors LLC lowered its position in McDonald's Co. (NYSE:MCD - Free Report) by 15.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,585 shares of the fast-food giant's stock after selling 858 shares during the quarter. Regent Peak Wealth Advisors LLC's holdings in McDonald's were worth $1,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Granite Bay Wealth Management LLC boosted its position in shares of McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares in the last quarter. Northeast Financial Consultants Inc boosted its holdings in McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after acquiring an additional 34 shares in the last quarter. Tealwood Asset Management Inc. grew its stake in McDonald's by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after acquiring an additional 34 shares during the period. Pettee Investors Inc. increased its holdings in shares of McDonald's by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock valued at $1,566,000 after acquiring an additional 35 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of McDonald's by 4.1% during the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock worth $261,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MCD shares. TD Securities restated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Piper Sandler boosted their target price on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Bank of America raised their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, Redburn Atlantic restated a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $321.79.

McDonald's Stock Up 0.5%

Shares of NYSE:MCD traded up $1.50 during trading on Wednesday, hitting $301.93. The stock had a trading volume of 2,602,530 shares, compared to its average volume of 3,506,245. The company has a market capitalization of $215.89 billion, a PE ratio of 26.51, a PEG ratio of 3.10 and a beta of 0.56. The firm's fifty day moving average is $311.79 and its 200 day moving average is $302.84. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.70 earnings per share. Equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company's stock.

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.