Texas Yale Capital Corp. Decreases Holdings in McDonald's Corporation (NYSE:MCD)

Key Points

• Texas Yale Capital Corp. reduced its stake in McDonald's Corporation by 5.1% in the first quarter, holding 16,818 shares valued at approximately $5.25 million.
• McDonald's declared a quarterly dividend of $1.77 per share, payable on September 16th, resulting in a 2.37% dividend yield.
• Analysts have varied opinions on McDonald's, with 14 "buy" ratings and a consensus "Hold" rating, reflecting mixed expectations for the stock's future performance.

Texas Yale Capital Corp. lowered its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,818 shares of the fast-food giant's stock after selling 895 shares during the period. Texas Yale Capital Corp.'s holdings in McDonald's were worth $5,253,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's in the fourth quarter valued at approximately $25,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's in the fourth quarter valued at approximately $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of McDonald's in the fourth quarter valued at approximately $30,000. Abound Financial LLC purchased a new stake in shares of McDonald's during the first quarter worth approximately $30,000. Finally, Copia Wealth Management purchased a new stake in shares of McDonald's during the fourth quarter worth approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is currently owned by company insiders.

McDonald's Stock Up 0.3%

Shares of MCD stock traded up $0.77 during mid-day trading on Monday, reaching $299.24. The stock had a trading volume of 3,069,525 shares, compared to its average volume of 3,481,643. The firm's 50 day simple moving average is $301.00 and its 200 day simple moving average is $303.13. McDonald's Corporation has a one year low of $250.23 and a one year high of $326.32. The firm has a market cap of $213.97 billion, a PE ratio of 26.41, a P/E/G ratio of 3.12 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald's'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 firm earned $2.70 earnings per share. Sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent research reports. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Piper Sandler boosted their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Melius started coverage on shares of McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 price objective for the company. Redburn Atlantic restated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Finally, BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $322.00.

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.