Coppell Advisory Solutions LLC Trims Holdings in McDonald's Co. (NYSE:MCD)

Coppell Advisory Solutions LLC cut its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,318 shares of the fast-food giant's stock after selling 2,579 shares during the quarter. Coppell Advisory Solutions LLC's holdings in McDonald's were worth $2,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Brasada Capital Management LP grew its position in shares of McDonald's by 4.5% during the 4th quarter. Brasada Capital Management LP now owns 2,598 shares of the fast-food giant's stock worth $737,000 after buying an additional 112 shares in the last quarter. MGO One Seven LLC lifted its position in shares of McDonald's by 20.0% during the fourth quarter. MGO One Seven LLC now owns 13,832 shares of the fast-food giant's stock valued at $4,010,000 after buying an additional 2,306 shares during the last quarter. Alta Advisers Ltd boosted its holdings in shares of McDonald's by 24.8% in the 4th quarter. Alta Advisers Ltd now owns 2,414 shares of the fast-food giant's stock valued at $700,000 after buying an additional 480 shares in the last quarter. Harvest Investment Services LLC purchased a new position in shares of McDonald's in the 4th quarter worth approximately $457,000. Finally, Anomaly Capital Management LP raised its stake in shares of McDonald's by 3.3% during the 4th quarter. Anomaly Capital Management LP now owns 304,631 shares of the fast-food giant's stock worth $88,309,000 after acquiring an additional 9,852 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays cut their price target on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating on the stock in a report on Tuesday. KeyCorp upped their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Bank of America raised their price target on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Piper Sandler cut their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, TD Securities reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, McDonald's currently has a consensus rating of "Moderate Buy" and an average target price of $322.74.

McDonald's Stock Down 0.7 %

MCD stock opened at $316.13 on Friday. The stock has a market capitalization of $225.86 billion, a P/E ratio of 27.76, a P/E/G 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 simple moving average of $307.94 and a 200-day simple moving average of $299.70.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts expect that McDonald's Co. will post 12.25 earnings per share for the current 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 was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.24%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock valued at $8,676,247 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald's Company 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.