McDonald’s Corporation (NYSE:MCD) Holdings Trimmed by Skylands Capital LLC

by · The Markets Daily

Skylands Capital LLC reduced its position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 7.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 650 shares of the fast-food giant’s stock after selling 50 shares during the period. Skylands Capital LLC’s holdings in McDonald’s were worth $203,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald’s during the fourth quarter worth approximately $25,000. Atala Financial Inc purchased a new stake in McDonald’s in the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald’s during the 4th quarter valued at $29,000. Fairway Wealth LLC grew its holdings in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald’s in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MCD shares. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Truist Financial set a $350.00 price target on McDonald’s in a report on Friday, May 2nd. Argus downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Loop Capital cut shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Finally, Robert W. Baird boosted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $321.79.

Get Our Latest Analysis on MCD

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider now owns 10,222 shares of the company’s stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,817 shares of company stock worth $865,843. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 2.2%

Shares of MCD stock opened at $291.94 on Monday. McDonald’s Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market cap of $208.74 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. The stock has a 50 day moving average of $308.26 and a 200-day moving average of $302.52.

McDonald’s (NYSE:MCD – Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the prior year, the company earned $2.70 EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald’s’s dividend payout ratio is currently 62.49%.

McDonald’s Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD – Free Report).