McDonald’s Co. (NYSE:MCD) Position Reduced by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. trimmed its position in McDonald’s Co. (NYSE:MCD) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,124 shares of the fast-food giant’s stock after selling 425 shares during the quarter. ST Germain D J Co. Inc.’s holdings in McDonald’s were worth $4,724,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in McDonald’s during the 4th quarter worth approximately $25,000. Atala Financial Inc acquired a new stake in shares of McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the fourth quarter valued at $27,000. Collier Financial acquired a new position in McDonald’s during the fourth quarter valued at $29,000. Finally, Pinney & Scofield Inc. acquired a new position in McDonald’s during the fourth quarter valued at $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Down 0.2%

Shares of MCD stock opened at $313.16 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a market cap of $223.92 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business’s 50 day moving average is $312.40 and its two-hundred day moving average is $302.20.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 EPS. As a group, equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald’s’s payout ratio is presently 62.49%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction 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 owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial set a $350.00 price target on shares of McDonald’s in a report on Friday, May 2nd. Citigroup upped their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. KeyCorp increased their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Finally, Barclays lifted their target price on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $325.91.

McDonald’s Profile

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.