Venture Visionary Partners LLC Trims Holdings in McDonald's Corporation $MCD

Key Points

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Venture Visionary Partners LLC lessened its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 67.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,929 shares of the fast-food giant's stock after selling 50,435 shares during the period. Venture Visionary Partners LLC's holdings in McDonald's were worth $7,475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's in the 4th quarter worth approximately $25,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the 4th quarter worth approximately $29,000. Abound Financial LLC bought a new stake in shares of McDonald's in the 1st quarter worth approximately $30,000. Copia Wealth Management bought a new stake in shares of McDonald's in the 4th quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of McDonald's in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. TD Cowen upped their price target on shares of McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup upped their price target on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Redburn Atlantic reiterated a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Finally, Robert W. Baird upped their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $326.87.

McDonald's Price Performance

McDonald's stock traded up $0.0750 during mid-day trading on Thursday, reaching $313.1550. 2,282,019 shares of the company traded hands, compared to its average volume of 3,637,228. The firm's 50 day moving average price is $298.77 and its 200 day moving average price is $305.56. The firm has a market capitalization of $223.47 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.19 and a beta of 0.52. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

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

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 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 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's payout ratio is presently 60.67%.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,280 shares of company stock valued at $2,525,178 in the last 90 days. 0.25% of the stock is owned by company insiders.

About McDonald's

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.