Triglav Skladi D.O.O. Lowers Stock Holdings in McDonald's Corporation (NYSE:MCD)

Key Points

• Triglav Skladi D.O.O. has reduced its stake in McDonald's Corporation by 4.8%, now holding 17,855 shares valued at approximately $5.57 million.
• McDonald's reported a 5.4% increase in quarterly revenue to $6.84 billion, with earnings per share at $3.19, surpassing analyst expectations.
• The company announced a quarterly dividend of $1.77 per share, reflecting a yield of 2.3%, to be paid on September 16th.

Triglav Skladi D.O.O. decreased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,855 shares of the fast-food giant's stock after selling 900 shares during the period. Triglav Skladi D.O.O.'s holdings in McDonald's were worth $5,576,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of McDonald's in the first quarter worth about $1,324,961,000. GAMMA Investing LLC increased its holdings in shares of McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after buying an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in shares of McDonald's in the fourth quarter worth about $350,935,000. Northern Trust Corp grew its stake in shares of 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 worth $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of McDonald's by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock worth $1,556,485,000 after purchasing an additional 815,768 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Down 0.9%

Shares of MCD stock opened at $301.63 on Wednesday. The firm has a market cap of $215.24 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 3.11 and a beta of 0.52. McDonald's Corporation has a 52-week low of $267.54 and a 52-week high of $326.32. The company's 50 day moving average is $298.17 and its 200 day moving average is $304.74.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. McDonald's's revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's payout ratio is currently 60.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCD. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Citigroup lifted their price objective on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and cut their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, TD Cowen boosted their price target on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $326.87.

Insider Activity at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,280 shares of company stock worth $2,215,178 over the last three months. Company insiders own 0.25% of the company's stock.

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.

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