Troy Asset Management Ltd Sells 7,613 Shares of McDonald's Corporation $MCD

Key Points

• Troy Asset Management cut its McDonald’s stake by 8.8% in the fourth quarter, selling 7,613 shares and leaving it with 78,418 shares worth about $23.97 million.
• McDonald’s recently reported better-than-expected quarterly results, with EPS of $2.83 versus the $2.74 consensus and revenue of $6.52 billion, up 9.4% year over year.
• The company also announced a quarterly dividend of $1.86 per share, equal to $7.44 annualized and a 2.6% yield, while analysts still hold a consensus rating of Moderate Buy.

Troy Asset Management Ltd decreased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,418 shares of the fast-food giant's stock after selling 7,613 shares during the period. McDonald's comprises 0.6% of Troy Asset Management Ltd's portfolio, making the stock its 23rd largest holding. Troy Asset Management Ltd's holdings in McDonald's were worth $23,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in McDonald's by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 72,351,127 shares of the fast-food giant's stock valued at $22,112,675,000 after purchasing an additional 703,458 shares during the period. State Street Corp lifted its position in McDonald's by 0.6% during the third quarter. State Street Corp now owns 35,024,857 shares of the fast-food giant's stock valued at $10,643,704,000 after purchasing an additional 196,505 shares during the period. Legal & General Group Plc lifted its position in McDonald's by 6.4% during the third quarter. Legal & General Group Plc now owns 4,757,967 shares of the fast-food giant's stock valued at $1,445,899,000 after purchasing an additional 286,284 shares during the period. Ameriprise Financial Inc. lifted its position in McDonald's by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 4,422,014 shares of the fast-food giant's stock valued at $1,343,501,000 after purchasing an additional 21,168 shares during the period. Finally, Franklin Resources Inc. lifted its position in McDonald's by 36.6% during the third quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant's stock valued at $1,336,155,000 after purchasing an additional 1,179,244 shares during the period. Institutional investors own 70.29% of the company's stock.

More McDonald's News

Here are the key news stories impacting McDonald's this week:

• Positive Sentiment: McDonald's declared a quarterly cash dividend of $1.86 per share, reinforcing its appeal as a dependable income stock and signaling ongoing confidence in cash generation. McDONALD'S ANNOUNCES QUARTERLY CASH DIVIDEND
• Positive Sentiment: Coverage highlighted McDonald's efforts to refresh its menu and customer experience, including new beverage additions, AI-driven drive-thru concepts, and other innovation-focused changes that could support traffic and sales. McDonald’s CEO shares major beverage menu additions
• Neutral Sentiment: McDonald's confirmed plans for a restaurant in historic Castlemaine, a small expansion item that is unlikely to materially move the stock on its own. McDonald's confirms plan for restaurant in historic Castlemaine
• Neutral Sentiment: Analyst commentary suggested McDonald's investment story is shifting as growth and valuation expectations are reset, which reflects changing sentiment rather than a clear operational surprise. Why The McDonald's (MCD) Investment Story Is Shifting As Analysts Reset Growth And Valuation
• Negative Sentiment: Articles about “shrinkflation” and smaller McNuggets could pressure sentiment if consumers view McDonald's as offering less value, potentially weighing on brand perception. Shrinkflation hits McDonald's as customers say McNuggets are half the size they used to be
• Negative Sentiment: Coverage noting that customers are divided on McDonald's specialty drinks suggests product experimentation may not be universally resonating yet. Why McDonald's Customers Are Divided On Its Specialty Drinks

McDonald's Trading Up 0.1%

Shares of MCD stock opened at $282.48 on Monday. McDonald's Corporation has a 12 month low of $271.98 and a 12 month high of $341.75. The stock has a market cap of $200.70 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.81 and a beta of 0.43. The company has a 50 day simple moving average of $299.71 and a two-hundred day simple moving average of $309.34.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.74 by $0.09. The firm had revenue of $6.52 billion during the quarter, compared to analysts' expectations of $6.47 billion. McDonald's had a net margin of 31.62% and a negative return on equity of 442.10%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.67 earnings per share. As a group, equities analysts forecast that McDonald's Corporation will post 12.93 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be paid a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.6%. McDonald's's dividend payout ratio is 61.34%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. Robert W. Baird set a $305.00 target price on shares of McDonald's in a report on Thursday, May 7th. Truist Financial upped their target price on shares of McDonald's from $356.00 to $370.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Citigroup upped their target price on shares of McDonald's from $371.00 to $375.00 and gave the company a "buy" rating in a report on Thursday, February 12th. UBS Group upped their target price on shares of McDonald's from $350.00 to $365.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Finally, Mizuho upped their target price on shares of McDonald's from $300.00 to $325.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and a consensus price target of $334.45.

Insider Activity

In other news, insider Joseph M. Erlinger sold 333 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total value of $100,805.76. Following the completion of the sale, the insider directly owned 8,067 shares of the company's stock, valued at $2,442,042.24. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 5,585 shares of company stock valued at $1,769,209 over the last three months. Corporate insiders own 0.26% of the company's stock.

McDonald's Profile

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.