International Assets Investment Management LLC Sells 471 Shares of McDonald’s Corporation (NYSE:MCD)

International Assets Investment Management LLC lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 6.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,225 shares of the fast-food giant’s stock after selling 471 shares during the period. International Assets Investment Management LLC’s holdings in McDonald’s were worth $2,257,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aviva PLC grew its stake in shares of McDonald’s by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Sagespring Wealth Partners LLC boosted its position in shares of McDonald’s by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after purchasing an additional 3,212 shares in the last quarter. Great Waters Wealth Management acquired a new stake in shares of McDonald’s in the 1st quarter worth about $864,000. Segment Wealth Management LLC increased its stake in McDonald’s by 1.7% in the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock valued at $17,078,000 after buying an additional 937 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of McDonald’s by 1,547.1% during the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock worth $179,715,000 after purchasing an additional 602,976 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.7%

Shares of NYSE MCD opened at $289.42 on Tuesday. McDonald’s Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a market cap of $206.94 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 3.00 and a beta of 0.56. The business has a fifty day simple moving average of $310.02 and a 200-day simple moving average of $302.79.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 earnings per share. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s dividend payout ratio is 62.49%.

Analyst Ratings Changes

Several analysts have recently weighed in on MCD shares. Piper Sandler raised their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Barclays lifted their price objective on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and dropped their price target for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Truist Financial set a $350.00 price objective on McDonald’s in a research report on Friday, May 2nd. Finally, Robert W. Baird boosted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One 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 MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $321.79.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 2,817 shares of company stock worth $865,843 in the last quarter. 0.25% of the stock is owned by corporate insiders.

About McDonald’s

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.