Arrowstreet Capital Limited Partnership Sells 4,216 Shares of McDonald's Co. (NYSE:MCD)

Arrowstreet Capital Limited Partnership lowered its position in McDonald's Co. (NYSE:MCD - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,948 shares of the fast-food giant's stock after selling 4,216 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in McDonald's were worth $2,884,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MCD. Mattern Capital Management LLC raised its position in shares of McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after buying an additional 579 shares in the last quarter. Bell Bank raised its position in McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership bought a new stake in McDonald's during the fourth quarter worth about $1,628,000. Integral Investment Advisors Inc. boosted its holdings in shares of McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after purchasing an additional 164 shares in the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter worth about $2,471,000. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of MCD traded up $3.06 during mid-day trading on Friday, reaching $309.84. The company had a trading volume of 4,439,602 shares, compared to its average volume of 3,587,257. The company has a market capitalization of $221.37 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The firm has a 50-day moving average price of $306.10 and a 200 day moving average price of $299.00. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald's's dividend payout ratio is 62.16%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MCD shares. JPMorgan Chase & Co. boosted their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Truist Financial lowered their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Barclays increased their target price on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Bank of America boosted their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird dropped their price target on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $322.87.

Insider Transactions at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company's stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock worth $8,461,400 over the last quarter. 0.23% of the stock is currently owned by insiders.

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.