McDonald’s Co. (NYSE:MCD) Holdings Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 31.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,859 shares of the fast-food giant’s stock after selling 49,064 shares during the period. Allspring Global Investments Holdings LLC’s holdings in McDonald’s were worth $29,847,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in McDonald’s by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock worth $20,473,811,000 after acquiring an additional 599,745 shares during the last quarter. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $2,684,899,000. Price T Rowe Associates Inc. MD increased its stake in shares of McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the period. Gallagher Fiduciary Advisors LLC increased its stake in shares of McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of McDonald’s by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock valued at $1,589,073,000 after purchasing an additional 35,639 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group dropped their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus lowered their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Citigroup lowered their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Finally, Evercore ISI reiterated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $313.89.

View Our Latest Stock Report on MCD

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold 5,593 shares of company stock valued at $1,472,518 in the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.9 %

Shares of NYSE:MCD opened at $250.00 on Friday. The firm has a fifty day moving average of $261.68 and a two-hundred day moving average of $278.32. The firm has a market capitalization of $180.17 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 2.79 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $2.63 EPS. Equities research analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

McDonald’s Company Profile

(Free Report)

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

See Also

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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