Bedrijfstakpensioenfonds Voor DE Media PNO Sells 7,500 Shares of McDonald's Co. (NYSE:MCD)

Bedrijfstakpensioenfonds Voor DE Media PNO decreased its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 18.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,500 shares of the fast-food giant's stock after selling 7,500 shares during the quarter. Bedrijfstakpensioenfonds Voor DE Media PNO's holdings in McDonald's were worth $8,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MCD. CX Institutional lifted its stake in shares of McDonald's by 1.0% during the 3rd quarter. CX Institutional now owns 8,024 shares of the fast-food giant's stock worth $2,114,000 after purchasing an additional 76 shares during the last quarter. Apeiron RIA LLC lifted its stake in shares of McDonald's by 10.6% during the 3rd quarter. Apeiron RIA LLC now owns 835 shares of the fast-food giant's stock worth $220,000 after purchasing an additional 80 shares during the last quarter. TFG Advisers LLC lifted its stake in shares of McDonald's by 7.4% during the 3rd quarter. TFG Advisers LLC now owns 5,974 shares of the fast-food giant's stock worth $1,574,000 after purchasing an additional 411 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of McDonald's by 20.0% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,699 shares of the fast-food giant's stock worth $2,292,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Zullo Investment Group Inc. raised its stake in McDonald's by 5.4% in the third quarter. Zullo Investment Group Inc. now owns 6,228 shares of the fast-food giant's stock valued at $1,641,000 after buying an additional 321 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Royal Bank of Canada decreased their price target on McDonald's from $340.00 to $335.00 and set an "outperform" rating for the company in a research note on Tuesday, February 6th. Morgan Stanley cut their price objective on McDonald's from $327.00 to $320.00 and set an "overweight" rating on the stock in a report on Friday, April 12th. Citigroup cut their price objective on McDonald's from $312.00 to $297.00 and set a "neutral" rating on the stock in a report on Tuesday, April 16th. Finally, Barclays cut their price objective on McDonald's from $343.00 to $340.00 and set an "overweight" rating on the stock in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $318.41.

McDonald's Price Performance

MCD traded down $2.51 during trading hours on Friday, reaching $273.09. The company's stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald's Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The stock has a market cap of $196.90 billion, a PE ratio of 23.60, a P/E/G ratio of 3.01 and a beta of 0.71. The business's 50-day moving average is $281.68 and its 200-day moving average is $281.74.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.12. McDonald's had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.41 billion for the quarter, compared to analysts' expectations of $6.45 billion. During the same period in the prior year, the firm earned $2.59 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. Analysts expect that McDonald's Co. will post 12.34 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald's's dividend payout ratio is currently 57.74%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company's stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company's stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

McDonald's Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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