Focused Investors LLC Trims Stock Position in McDonald's Co. (NYSE:MCD)

Focused Investors LLC lessened its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 429,850 shares of the fast-food giant's stock after selling 3,650 shares during the period. McDonald's accounts for 3.9% of Focused Investors LLC's holdings, making the stock its 13th biggest holding. Focused Investors LLC owned about 0.06% of McDonald's worth $124,609,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MCD. Mattern Capital Management LLC boosted its position in shares of McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank boosted its holdings in shares of McDonald's by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after buying an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $1,628,000. Integral Investment Advisors Inc. increased its stake in shares of McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after acquiring an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new position in shares of McDonald's during the 4th quarter valued at $2,471,000. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Robert W. Baird raised their price target on shares of McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Bank of America boosted their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Loop Capital reiterated a "buy" rating and issued a $342.00 price target on shares of McDonald's in a report on Friday, January 3rd. KeyCorp boosted their price objective on McDonald's from $320.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Truist Financial cut their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Nine equities research 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $323.39.

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McDonald's Trading Up 0.4 %

Shares of NYSE:MCD traded up $1.34 during midday trading on Tuesday, reaching $307.01. The company had a trading volume of 2,637,153 shares, compared to its average volume of 3,336,565. The stock has a market cap of $219.35 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71. The company's 50 day moving average price is $299.21 and its 200 day moving average price is $297.65. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

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

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.