Rowlandmiller & PARTNERS.ADV Cuts Position in McDonald's Co. (NYSE:MCD)

Rowlandmiller & PARTNERS.ADV trimmed its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,741 shares of the fast-food giant's stock after selling 903 shares during the period. McDonald's makes up 2.5% of Rowlandmiller & PARTNERS.ADV's investment portfolio, making the stock its 9th biggest holding. Rowlandmiller & PARTNERS.ADV's holdings in McDonald's were worth $12,102,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of McDonald's by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after acquiring an additional 526,466 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of McDonald's by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after acquiring an additional 157,458 shares during the last quarter. Capital Research Global Investors lifted its stake in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the last quarter. Norges Bank bought a new stake in McDonald's in the fourth quarter worth $2,725,190,000. Finally, Northern Trust Corp lifted its stake in McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were 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 owns 11,161 shares of the company's stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on MCD. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler boosted their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald's has an average rating of "Hold" and an average target price of $321.79.

McDonald's Stock Performance

MCD traded up $1.21 during trading on Thursday, hitting $302.93. The stock had a trading volume of 2,581,660 shares, compared to its average volume of 3,507,052. The firm has a market capitalization of $216.60 billion, a P/E ratio of 26.60, a PEG ratio of 3.10 and a beta of 0.56. The company's 50-day moving average price is $311.91 and its 200 day moving average price is $302.88. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the firm earned $2.70 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

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

McDonald's Company 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.