Yousif Capital Management LLC Sells 2,471 Shares of McDonald's Co. (NYSE:MCD)

Yousif Capital Management LLC lowered its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,624 shares of the fast-food giant's stock after selling 2,471 shares during the period. Yousif Capital Management LLC's holdings in McDonald's were worth $31,432,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of McDonald's in the fourth quarter worth approximately $2,725,190,000. GAMMA Investing LLC boosted its holdings in McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares during the period. Raymond James Financial Inc. purchased a new position in McDonald's in the 4th quarter valued at about $703,074,000. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's in the 4th quarter valued at approximately $350,935,000. Finally, Northern Trust Corp boosted its stake in shares of McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Up 0.3%

NYSE:MCD traded up $0.88 on Thursday, reaching $302.60. The stock had a trading volume of 1,707,589 shares, compared to its average volume of 3,502,625. The company has a market capitalization of $216.37 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a fifty day moving average price of $311.84 and a 200-day moving average price of $302.83.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the company earned $2.70 EPS. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial set a $350.00 price target on McDonald's in a research note on Friday, May 2nd. Robert W. Baird upped their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Barclays boosted their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $321.79.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.25% of the company's stock.

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.