Campbell Newman Asset Management Inc. Sells 1,697 Shares of McDonald’s Co. (NYSE:MCD)

Campbell Newman Asset Management Inc. lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,204 shares of the fast-food giant’s stock after selling 1,697 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in McDonald’s were worth $7,248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in McDonald’s by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of McDonald’s by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the period. Capital Research Global Investors lifted its stake in shares of McDonald’s by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after acquiring an additional 531,070 shares during the period. Norges Bank bought a new stake in shares of McDonald’s in the 4th quarter valued at $2,725,190,000. Finally, Northern Trust Corp boosted its stake in shares of McDonald’s by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $301.57 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a market cap of $215.63 billion, a PE ratio of 26.48, a PEG ratio of 3.10 and a beta of 0.56. The company has a 50 day simple moving average of $311.95 and a two-hundred day simple moving average of $302.92.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.70 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insiders Place Their Bets

In other McDonald’s 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 transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald’s in a research note on Tuesday. KeyCorp raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. 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 note on Friday, May 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $321.79.

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.