McDonald’s Co. (NYSE:MCD) Shares Sold by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,148 shares of the fast-food giant’s stock after selling 47 shares during the period. Cranbrook Wealth Management LLC’s holdings in McDonald’s were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mattern Capital Management LLC grew its stake in McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares during the last quarter. Bell Bank grew its stake in McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after acquiring an additional 371 shares during the last quarter. Integral Investment Advisors Inc. grew its stake in McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after acquiring an additional 164 shares during the last quarter. Aviva PLC grew its stake in McDonald’s by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock valued at $125,350,000 after acquiring an additional 23,024 shares during the last quarter. Finally, APG Asset Management N.V. boosted 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. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MCD. KeyCorp raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Loop Capital cut shares of McDonald’s from a “buy” rating to a “hold” rating and decreased their price target for the stock from $346.00 to $315.00 in a research note on Friday. Truist Financial set a $350.00 price target on shares of McDonald’s in a research note on Friday, May 2nd. Finally, Robert W. Baird raised their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.96.

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 Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

McDonald’s Stock Performance

NYSE MCD opened at $307.44 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company’s 50 day moving average price is $312.29 and its 200 day moving average price is $302.57. The firm has a market capitalization of $219.83 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last posted its quarterly 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 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the firm posted $2.70 earnings per share. McDonald’s’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald’s’s payout ratio is 62.49%.

McDonald’s Company 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.