Sienna Gestion Has $10.76 Million Stock Position in McDonald’s Corporation (NYSE:MCD)

Sienna Gestion lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 6.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,430 shares of the fast-food giant’s stock after selling 2,312 shares during the quarter. McDonald’s comprises 0.9% of Sienna Gestion’s holdings, making the stock its 28th biggest position. Sienna Gestion’s holdings in McDonald’s were worth $10,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. Mascagni Wealth Management Inc. acquired a new position in McDonald’s during the fourth quarter worth about $25,000. Pinney & Scofield Inc. acquired a new position in McDonald’s during the fourth quarter worth about $29,000. GKV Capital Management Co. Inc. acquired a new position in McDonald’s during the fourth quarter worth about $30,000. Abound Financial LLC acquired a new position in McDonald’s during the first quarter worth about $30,000. Finally, Copia Wealth Management acquired a new position in McDonald’s during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares of the company’s stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,280 shares of company stock worth $2,215,178. 0.25% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $304.82 on Thursday. McDonald’s Corporation has a 1 year low of $268.50 and a 1 year high of $326.32. The firm has a market cap of $217.52 billion, a PE ratio of 26.12, a P/E/G ratio of 3.08 and a beta of 0.52. The stock has a fifty day moving average price of $298.03 and a 200-day moving average price of $304.74.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $2.97 EPS. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is presently 60.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial upped their price objective on McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Melius started coverage on McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price on the stock. Robert W. Baird upped their target price on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $260.00 target price (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Hold” and a consensus target price of $326.87.

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.