McDonald's Co. (NYSE:MCD) Shares Sold by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC decreased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,194 shares of the fast-food giant's stock after selling 2,746 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in McDonald's were worth $8,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of McDonald's during the 4th quarter valued at $2,725,190,000. Raymond James Financial Inc. acquired a new stake in McDonald's during the fourth quarter worth about $703,074,000. Franklin Resources Inc. raised its holdings in shares of McDonald's by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after purchasing an additional 794,536 shares during the period. APG Asset Management N.V. lifted its stake in shares of McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after purchasing an additional 602,976 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in McDonald's by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock worth $171,241,000 after purchasing an additional 589,359 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Up 1.0 %

MCD traded up $3.06 during trading on Friday, reaching $309.84. 4,439,602 shares of the company were exchanged, compared to its average volume of 3,587,257. The stock has a market cap of $221.37 billion, a P/E ratio of 27.20, a PEG ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a 50 day moving average of $306.10 and a 200 day moving average of $299.00.

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McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup decreased their price objective on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Robert W. Baird lowered their price target on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Piper Sandler reduced their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. BMO Capital Markets increased their target price on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, KeyCorp boosted their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $322.87.

Insider Buying and Selling at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 in the last quarter. Corporate insiders own 0.23% 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.