Yousif Capital Management LLC Sells 2,471 Shares of McDonald’s Co. (NYSE:MCD)

Yousif Capital Management LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,624 shares of the fast-food giant’s stock after selling 2,471 shares during the period. Yousif Capital Management LLC’s holdings in McDonald’s were worth $31,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Regatta Capital Group LLC lifted its stake in McDonald’s by 3.4% during the first quarter. Regatta Capital Group LLC now owns 7,456 shares of the fast-food giant’s stock worth $2,329,000 after purchasing an additional 242 shares during the last quarter. Panoramic Capital Partners LLC acquired a new stake in shares of McDonald’s during the 1st quarter valued at $241,000. International Private Wealth Advisors LLC grew its position in McDonald’s by 3.3% during the 1st quarter. International Private Wealth Advisors LLC now owns 1,668 shares of the fast-food giant’s stock worth $521,000 after acquiring an additional 53 shares during the last quarter. Tounjian Advisory Partners LLC acquired a new position in McDonald’s in the 1st quarter worth about $6,156,000. Finally, Pallas Capital Advisors LLC raised its position in McDonald’s by 7.3% in the first quarter. Pallas Capital Advisors LLC now owns 15,384 shares of the fast-food giant’s stock valued at $4,805,000 after purchasing an additional 1,042 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.8%

Shares of MCD opened at $304.84 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business’s fifty day moving average is $312.15 and its 200 day moving average is $302.86. The stock has a market cap of $217.97 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.70 EPS. On average, analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio is presently 62.49%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Barclays upped their price objective on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. TD Securities reaffirmed a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. KeyCorp upped their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. upped their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $324.48.

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.