McDonald's Corporation (NYSE:MCD) Shares Sold by Souders Financial Advisors

Souders Financial Advisors trimmed its position in McDonald's Corporation (NYSE:MCD - Free Report) by 30.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,109 shares of the fast-food giant's stock after selling 3,185 shares during the quarter. Souders Financial Advisors' holdings in McDonald's were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's in the 4th quarter worth approximately $25,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's in the 4th quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of McDonald's in the 4th quarter worth approximately $30,000. Abound Financial LLC acquired a new position in shares of McDonald's in the 1st quarter worth approximately $30,000. Finally, Copia Wealth Management acquired a new position in shares of McDonald's in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,878 shares of company stock valued at $866,771. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Stock Down 0.4%

Shares of MCD traded down $1.32 during mid-day trading on Wednesday, hitting $297.86. The company had a trading volume of 846,384 shares, compared to its average volume of 3,515,428. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32. The business's 50-day simple moving average is $302.50 and its 200-day simple moving average is $302.88. The stock has a market cap of $212.98 billion, a PE ratio of 26.29, a P/E/G ratio of 3.10 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The business's revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCD. BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Barclays boosted their price objective on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research note on Thursday, July 10th. Melius initiated coverage on McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price target for the company. Finally, Truist Financial boosted their price target on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $322.00.

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.