Hillsdale Investment Management Inc. Sells 7,708 Shares of McDonald’s Corporation $MCD

Hillsdale Investment Management Inc. decreased its stake in McDonald’s Corporation (NYSE:MCD) by 82.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,630 shares of the fast-food giant’s stock after selling 7,708 shares during the period. Hillsdale Investment Management Inc.’s holdings in McDonald’s were worth $498,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Triglav Investments D.O.O. grew its holdings in shares of McDonald’s by 159.5% during the 4th quarter. Triglav Investments D.O.O. now owns 28,634 shares of the fast-food giant’s stock valued at $8,751,000 after purchasing an additional 17,600 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of McDonald’s during the 4th quarter valued at $4,097,000. National Pension Service grew its holdings in shares of McDonald’s by 1.6% during the 4th quarter. National Pension Service now owns 1,557,348 shares of the fast-food giant’s stock valued at $475,972,000 after purchasing an additional 24,333 shares during the last quarter. South Street Advisors LLC grew its holdings in shares of McDonald’s by 1.7% during the 4th quarter. South Street Advisors LLC now owns 3,679 shares of the fast-food giant’s stock valued at $1,124,000 after purchasing an additional 61 shares during the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of McDonald’s during the 4th quarter valued at $219,000. Institutional investors own 70.29% of the company’s stock.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s unveiled “McDonald’s NEXT,” a companywide growth strategy focused on automation, improved restaurant design, better food quality, stronger customer service, and more effective social media marketing. Article Title
• Positive Sentiment: Analysts and recent commentary suggest McDonald’s is gaining market share in a cautious consumer environment by leaning on low-cost meals, menu innovation, and strong value marketing. Article Title
• Neutral Sentiment: McDonald’s also highlighted plans around restaurant operating efficiency and franchisee support, which could improve margins over time but will likely take time to show up in results. Article Title
• Neutral Sentiment: An executive vice president sold shares in a recent insider transaction, which is worth watching but is not necessarily a fundamental red flag on its own. Article Title

Insider Activity

In other news, insider Joseph M. Erlinger sold 333 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $280.11, for a total value of $93,276.63. Following the completion of the sale, the insider directly owned 7,734 shares of the company’s stock, valued at approximately $2,166,370.74. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,681 shares of company stock valued at $2,631,594. Corporate insiders own 0.26% of the company’s stock.

McDonald’s Stock Down 1.1%

Shares of MCD opened at $276.19 on Tuesday. The stock has a market capitalization of $196.23 billion, a P/E ratio of 22.77, a PEG ratio of 2.78 and a beta of 0.41. The firm has a fifty day simple moving average of $294.66 and a two-hundred day simple moving average of $308.42. McDonald’s Corporation has a twelve month low of $271.98 and a twelve month high of $341.75.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.09. The business had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.67 EPS. Sell-side analysts expect that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 61.34%.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $340.00 target price on shares of McDonald’s in a report on Thursday, February 12th. KeyCorp reduced their target price on shares of McDonald’s from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Wells Fargo & Company reduced their target price on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Truist Financial increased their target price on shares of McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Cfra raised shares of McDonald’s to a “buy” rating in a report on Friday, May 8th. Sixteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $334.45.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.