Fifth Third Bancorp Trims Stock Holdings in McDonald's Co. (NYSE:MCD)

Fifth Third Bancorp trimmed its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 615,562 shares of the fast-food giant's stock after selling 14,956 shares during the quarter. Fifth Third Bancorp owned 0.09% of McDonald's worth $173,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald's during the 1st quarter worth approximately $28,000. Signature Resources Capital Management LLC purchased a new position in McDonald's in the fourth quarter worth $31,000. Blue Bell Private Wealth Management LLC increased its position in shares of McDonald's by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant's stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of McDonald's during the 3rd quarter valued at $33,000. Finally, Clear Investment Research LLC acquired a new stake in shares of McDonald's in the 4th quarter worth $38,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 16,977 shares of the company's stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Friday, March 22nd. The shares were 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 approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 16,977 shares of the company's stock, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. StockNews.com cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. KeyCorp lowered their target price on shares of McDonald's from $315.00 to $310.00 and set an "overweight" rating for the company in a research note on Wednesday. Guggenheim cut their price target on shares of McDonald's from $325.00 to $315.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup lowered their price objective on shares of McDonald's from $312.00 to $297.00 and set a "neutral" rating for the company in a research note on Tuesday, April 16th. Finally, Wedbush cut their target price on McDonald's from $330.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average target price of $317.74.

McDonald's Trading Down 0.4 %

MCD traded down $1.15 during trading on Thursday, hitting $273.28. The company's stock had a trading volume of 3,079,078 shares, compared to its average volume of 3,329,200. The firm has a market capitalization of $197.04 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.98 and a beta of 0.71. The business's fifty day simple moving average is $280.07 and its 200 day simple moving average is $282.21. McDonald's Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald's had a negative return on equity of 180.54% and a net margin of 33.36%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.63 earnings per share. As a group, equities research analysts forecast that McDonald's Co. will post 12.34 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald's's payout ratio is 56.71%.

McDonald's 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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