Sanibel Captiva Trust Company Inc. Sells 3,242 Shares of McDonald's Co. (NYSE:MCD)

Sanibel Captiva Trust Company Inc. lessened its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 10.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,370 shares of the fast-food giant's stock after selling 3,242 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in McDonald's were worth $8,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in McDonald's in the fourth quarter valued at $2,725,190,000. GAMMA Investing LLC increased its position in shares of McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth about $703,074,000. Castlekeep Investment Advisors LLC bought a new position in McDonald's during the 4th quarter valued at about $350,935,000. Finally, Northern Trust Corp boosted its position 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 valued at $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE MCD traded down $1.59 during midday trading on Friday, reaching $301.57. 2,424,707 shares of the stock were exchanged, compared to its average volume of 3,504,181. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The business has a 50-day simple moving average of $311.95 and a two-hundred day simple moving average of $302.92. The company has a market capitalization of $215.63 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56.

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

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald's's dividend payout ratio is presently 62.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. TD Securities reiterated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Citigroup lifted their price target on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Robert W. Baird increased their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $321.79.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is 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.