Creekmur Asset Management LLC Sells 1,801 Shares of McDonald's Co. (NYSE:MCD)

Creekmur Asset Management LLC lowered its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 58.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,263 shares of the fast-food giant's stock after selling 1,801 shares during the quarter. Creekmur Asset Management LLC's holdings in McDonald's were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in McDonald's in the third quarter worth approximately $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's during the fourth quarter worth $27,000. Collier Financial acquired a new stake in McDonald's in the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC raised its holdings in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of a number of research reports. Loop Capital reissued a "buy" rating and issued a $342.00 price target on shares of McDonald's in a report on Friday, January 3rd. Citigroup reduced their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday. Truist Financial decreased their price objective on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, KeyCorp increased their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Nine 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $323.30.

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Insider Buying and Selling

In other McDonald's 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 transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was 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 $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Performance

NYSE:MCD traded down $18.59 during trading hours on Friday, reaching $299.68. The company's stock had a trading volume of 8,828,016 shares, compared to its average volume of 3,539,115. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a 50 day moving average price of $304.34 and a two-hundred day moving average price of $298.72. The company has a market capitalization of $214.11 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results 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%. As a group, analysts predict that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

About McDonald's

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.