Farther Finance Advisors LLC Sells 5,668 Shares of McDonald's Co. (NYSE:MCD)

Farther Finance Advisors LLC trimmed its stake in McDonald's Co. (NYSE:MCD - Free Report) by 33.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,307 shares of the fast-food giant's stock after selling 5,668 shares during the quarter. Farther Finance Advisors LLC's holdings in McDonald's were worth $3,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in McDonald's in the 4th quarter worth about $703,074,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of McDonald's by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. Proficio Capital Partners LLC grew its stake in McDonald's by 43,591.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after acquiring an additional 589,359 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in McDonald's during the 3rd quarter worth approximately $121,254,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in McDonald's by 518.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock worth $100,916,000 after acquiring an additional 291,802 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock valued at $10,206,575 over the last ninety days. Company insiders own 0.23% of the company's stock.

McDonald's Trading Down 2.4 %

Shares of MCD opened at $299.40 on Thursday. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm's 50-day moving average price is $296.76 and its 200-day moving average price is $296.70. The firm has a market capitalization of $213.91 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.10 and a beta of 0.71.

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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 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. McDonald's's dividend payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial dropped their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Wedbush boosted their target price on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Bank of America increased their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Morgan Stanley boosted their price objective on shares of McDonald's from $336.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, 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. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $323.61.

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.

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