Stablepoint Partners LLC Sells 975 Shares of McDonald's Co. (NYSE:MCD)

Stablepoint Partners LLC trimmed its position in McDonald's Co. (NYSE:MCD - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,475 shares of the fast-food giant's stock after selling 975 shares during the period. McDonald's accounts for 1.2% of Stablepoint Partners LLC's investment portfolio, making the stock its 20th biggest position. Stablepoint Partners LLC's holdings in McDonald's were worth $6,396,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new position in McDonald's in the 4th quarter worth $25,000. Atala Financial Inc purchased a new position in shares of McDonald's in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald's in the fourth quarter valued at about $27,000. Collier Financial purchased a new position in shares of McDonald's in the fourth quarter valued at about $29,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. KeyCorp boosted their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. Finally, TD Securities reissued a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $326.13.

McDonald's Trading Down 0.9%

Shares of MCD stock opened at $308.76 on Friday. The company has a 50 day simple moving average of $312.41 and a two-hundred day simple moving average of $302.46. The stock has a market cap of $220.78 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.10 and a beta of 0.56. 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 announced its quarterly earnings data 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. The firm had revenue of $5.96 billion during 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 company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 earnings per share. As a group, equities analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid 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 yield of 2.29%. McDonald's's payout ratio is 62.49%.

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.

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