Personal Capital Advisors Corp Sells 1,260 Shares of McDonald’s Co. (NYSE:MCD)

Personal Capital Advisors Corp trimmed its position in McDonald’s Co. (NYSE:MCDGet Rating) by 15.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,103 shares of the fast-food giant’s stock after selling 1,260 shares during the quarter. Personal Capital Advisors Corp’s holdings in McDonald’s were worth $1,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in McDonald’s during the 4th quarter worth approximately $2,060,325,000. BlackRock Inc. increased its holdings in McDonald’s by 4.5% during the 4th quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock worth $14,185,930,000 after purchasing an additional 2,294,758 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after purchasing an additional 2,021,754 shares in the last quarter. Vanguard Group Inc. increased its holdings in McDonald’s by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 67,004,180 shares of the fast-food giant’s stock worth $16,568,793,000 after purchasing an additional 1,039,187 shares in the last quarter. Finally, State Street Corp increased its holdings in McDonald’s by 2.9% during the 4th quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock worth $9,911,455,000 after purchasing an additional 1,033,751 shares in the last quarter. 67.27% of the stock is owned by institutional investors.

McDonald’s Stock Performance

MCD stock opened at $259.52 on Monday. The firm has a 50 day moving average price of $257.88 and a 200-day moving average price of $248.66. McDonald’s Co. has a 52-week low of $217.68 and a 52-week high of $271.15. The firm has a market capitalization of $190.93 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 3.16 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last released its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The firm had revenue of $5.72 billion during the quarter, compared to analyst estimates of $5.82 billion. During the same period last year, the business earned $2.37 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Co. will post 9.83 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be issued a dividend of $1.38 per share. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 annualized dividend and a dividend yield of 2.13%. McDonald’s’s payout ratio is 67.98%.

Insider Activity

In related news, insider Ian Frederick Borden sold 5,320 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $265.00, for a total transaction of $1,409,800.00. Following the completion of the sale, the insider now owns 7,131 shares of the company’s stock, valued at $1,889,715. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Catherine A. Hoovel sold 2,371 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total transaction of $606,075.02. Following the completion of the sale, the senior vice president now owns 1,184 shares of the company’s stock, valued at $302,654.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ian Frederick Borden sold 5,320 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $265.00, for a total transaction of $1,409,800.00. Following the sale, the insider now directly owns 7,131 shares of the company’s stock, valued at approximately $1,889,715. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,191 shares of company stock worth $5,250,365. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on MCD shares. KeyCorp boosted their price objective on McDonald’s from $285.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Credit Suisse Group upped their target price on McDonald’s from $285.00 to $287.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Robert W. Baird set a $285.00 price objective on McDonald’s in a research note on Tuesday, July 19th. Barclays dropped their price objective on McDonald’s from $289.00 to $285.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Finally, Piper Sandler upped their price objective on McDonald’s from $263.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, September 7th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $285.04.

McDonald’s Company Profile

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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