Naples Global Advisors LLC Sells 113 Shares of McDonald’s Co. (NYSE:MCD)

Naples Global Advisors LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,324 shares of the fast-food giant’s stock after selling 113 shares during the period. Naples Global Advisors LLC’s holdings in McDonald’s were worth $5,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of McDonald’s during the fourth quarter worth $2,725,190,000. GAMMA Investing LLC raised its stake in shares of McDonald’s by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares during the period. Raymond James Financial Inc. purchased a new stake in McDonald’s during the 4th quarter worth about $703,074,000. Castlekeep Investment Advisors LLC bought a new position in McDonald’s in the 4th quarter worth about $350,935,000. Finally, Northern Trust Corp grew its holdings in McDonald’s by 11.2% during 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 buying an additional 895,896 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $311.70 on Thursday. The stock has a market capitalization of $222.88 billion, a P/E ratio of 27.37, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The firm’s 50 day simple moving average is $312.49 and its two-hundred day simple moving average is $302.34.

McDonald’s (NYSE:MCD) 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. The company had revenue of $5.96 billion for 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%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 EPS. As a group, equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Activity

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 stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price 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. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Truist Financial set a $350.00 price target on shares of McDonald’s in a report on Friday, May 2nd. Finally, Citigroup increased their price objective on McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $325.91.

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.