Stock Yards Bank & Trust Co. Sells 2,182 Shares of McDonald's Co. (NYSE:MCD)

Stock Yards Bank & Trust Co. reduced its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,713 shares of the fast-food giant's stock after selling 2,182 shares during the period. Stock Yards Bank & Trust Co.'s holdings in McDonald's were worth $15,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Vanguard Group Inc. grew its position in shares of McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC grew its position in shares of McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Capital Research Global Investors grew its position in shares of 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 valued at $3,088,037,000 after purchasing an additional 531,070 shares during the last quarter. Norges Bank acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp boosted its position in McDonald's by 11.2% during 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 acquiring an additional 895,896 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Down 0.5%

Shares of McDonald's stock traded down $1.59 during trading on Friday, hitting $301.57. The stock had a trading volume of 2,424,707 shares, compared to its average volume of 3,504,182. The stock has a 50 day simple moving average of $311.95 and a 200 day simple moving average of $302.92. The company has a market capitalization of $215.63 billion, a PE ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 1 year low of $243.53 and a 1 year 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 EPS for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm posted $2.70 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. As a group, equities analysts expect that McDonald's Co. will post 12.25 earnings per share 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. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, June 2nd. McDonald's's payout ratio is presently 62.49%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCD shares. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday. Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday. Morgan Stanley reiterated an "equal weight" rating and issued a $324.00 price objective (down from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $321.79.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's 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 directly owns 11,161 shares of the company's stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

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.