McDonald’s Corporation (NYSE:MCD) Shares Sold by Boyar Asset Management Inc.

Boyar Asset Management Inc. reduced its holdings in McDonald’s Corporation (NYSE:MCD) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,345 shares of the fast-food giant’s stock after selling 836 shares during the period. McDonald’s makes up 1.2% of Boyar Asset Management Inc.’s holdings, making the stock its 19th biggest position. Boyar Asset Management Inc.’s holdings in McDonald’s were worth $1,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCD. Vanguard Group Inc. grew its holdings 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 valued at $20,341,391,000 after buying an additional 526,466 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of McDonald’s by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock valued at $4,652,768,000 after purchasing an additional 157,458 shares during the period. Capital Research Global Investors increased its position in McDonald’s by 5.2% during 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 purchasing an additional 531,070 shares during the last quarter. Norges Bank purchased a new position in McDonald’s during the fourth quarter worth about $2,725,190,000. Finally, Northern Trust Corp boosted its holdings in 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. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a report on Monday, May 5th. Erste Group Bank lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Robert W. Baird upped their price target on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Finally, Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $321.79.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. This represents a 7.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 2,817 shares of company stock worth $865,843 over the last 90 days. 0.25% of the stock is owned by insiders.

McDonald’s Trading Down 2.0%

Shares of NYSE MCD opened at $285.78 on Thursday. The stock has a market cap of $204.34 billion, a P/E ratio of 25.22, a PEG ratio of 3.04 and a beta of 0.56. The business’s fifty day simple moving average is $309.13 and its 200-day simple moving average is $302.60. McDonald’s Corporation has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 negative return on equity of 195.27% and a net margin of 31.75%. McDonald’s’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. On average, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.48%. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

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.