Van Hulzen Asset Management LLC Reduces Stock Holdings in McDonald's Corporation $MCD

Key Points

• Van Hulzen Asset Management LLC reduced its holdings in McDonald's by 25.1%, now owning 77,463 shares worth approximately $24.20 million, making it their 7th largest position.
• Several institutional investors have significantly increased their positions in McDonald's, with Nuveen LLC investing over $1.32 billion and GAMMA Investing LLC raising its stake by nearly 39,040%.
• McDonald's announced a quarterly dividend of $1.77 per share, resulting in an annualized dividend yield of 2.3%, with a current payout ratio of 60.67%.

Van Hulzen Asset Management LLC decreased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,463 shares of the fast-food giant's stock after selling 25,926 shares during the quarter. McDonald's makes up approximately 2.2% of Van Hulzen Asset Management LLC's holdings, making the stock its 7th biggest holding. Van Hulzen Asset Management LLC's holdings in McDonald's were worth $24,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First American Trust FSB raised its stake in McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after acquiring an additional 13,234 shares during the period. Red Door Wealth Management LLC raised its stake in McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after acquiring an additional 109 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after acquiring an additional 18,393 shares during the period. Sagespring Wealth Partners LLC grew its position in McDonald's by 22.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC grew its position in McDonald's by 1.7% in the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after purchasing an additional 937 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $0.5810 during trading on Friday, reaching $313.8010. The company had a trading volume of 2,796,690 shares, compared to its average volume of 3,499,843. The firm's fifty day moving average is $299.02 and its 200 day moving average is $305.92. The firm has a market capitalization of $223.93 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

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

McDonald's Announces Dividend

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 issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is presently 60.67%.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,341 shares of company stock valued at $2,229,327 over the last quarter. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. TD Securities restated a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. TD Cowen upped their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $326.38.

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.