Belmont Capital LLC Sells 1,085 Shares of McDonald's Co. (NYSE:MCD)

Belmont Capital LLC lowered its position in McDonald's Co. (NYSE:MCD - Free Report) by 66.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 552 shares of the fast-food giant's stock after selling 1,085 shares during the period. Belmont Capital LLC's holdings in McDonald's were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boltwood Capital Management lifted its position in shares of McDonald's by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after buying an additional 35 shares during the last quarter. Pettee Investors Inc. raised its stake in shares of McDonald's by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock valued at $1,566,000 after acquiring an additional 35 shares in the last quarter. Covestor Ltd lifted its holdings in McDonald's by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock worth $261,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC boosted its position in McDonald's by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock worth $2,724,000 after purchasing an additional 36 shares during the period. Finally, Independent Wealth Network Inc. grew its holdings in McDonald's by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after purchasing an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Trading Up 3.0 %

McDonald's stock traded up $9.23 during mid-day trading on Tuesday, reaching $317.95. The company had a trading volume of 1,268,797 shares, compared to its average volume of 3,682,830. The business has a fifty day simple moving average of $307.41 and a 200 day simple moving average of $299.33. The company has a market cap of $227.16 billion, a P/E ratio of 27.91, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is presently 62.16%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MCD shares. Truist Financial lowered their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. TD Securities reiterated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. 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. JPMorgan Chase & Co. lifted their price target on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Loop Capital reissued a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $322.87.

Insider Buying and Selling at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the transaction, the insider now owns 13,978 shares in the company, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,497 shares of company stock worth $8,461,400. 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.