Union Bancaire Privee UBP SA Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Union Bancaire Privee UBP SA lowered its holdings in McDonald’s Co. (NYSE:MCD) by 6.0% during the 1st quarter, Holdings Channel reports. The firm owned 209,345 shares of the fast-food giant’s stock after selling 13,262 shares during the period. McDonald’s makes up about 1.5% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 20th largest holding. Union Bancaire Privee UBP SA’s holdings in McDonald’s were worth $64,199,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s during the 4th quarter worth $25,000. Atala Financial Inc purchased a new stake in McDonald’s during the fourth quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new stake in McDonald’s during the fourth quarter valued at about $29,000. Fairway Wealth LLC boosted its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s in the fourth quarter worth about $30,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. KeyCorp upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Morgan Stanley restated an “equal weight” rating and set a $324.00 target price (down previously from $329.00) on shares of McDonald’s in a research report on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Truist Financial set a $350.00 price objective on McDonald’s in a report on Friday, May 2nd. Finally, Redburn Atlantic restated a “sell” rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have given 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 “Hold” and an average price target of $321.79.

McDonald’s Stock Up 0.5%

MCD opened at $301.93 on Thursday. The business’s fifty day simple moving average is $311.84 and its 200 day simple moving average is $302.83. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a market cap of $215.89 billion, a PE ratio of 26.51, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The firm 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 181.63% and a net margin of 31.73%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.70 EPS. As a group, equities analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

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.