HM Payson & Co. Sells 805 Shares of McDonald's Co. (NYSE:MCD)

HM Payson & Co. cut its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 204,917 shares of the fast-food giant's stock after selling 805 shares during the quarter. HM Payson & Co.'s holdings in McDonald's were worth $59,403,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in McDonald's in the fourth quarter valued at approximately $703,074,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of McDonald's by 542.9% in the 3rd 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 buying an additional 677,139 shares during the period. Proficio Capital Partners LLC increased its position in shares of McDonald's by 43,591.6% in the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after buying an additional 589,359 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in McDonald's during the 3rd quarter worth $121,254,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in McDonald's by 518.1% during 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. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCD. Truist Financial lowered their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Piper Sandler dropped their target price 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. JPMorgan Chase & Co. lifted their price target on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Loop Capital reissued a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Finally, Barclays boosted their price objective on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $323.61.

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Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company's stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock valued at $10,206,575 in the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald's Trading Up 3.6 %

Shares of MCD traded up $11.15 during midday trading on Friday, reaching $321.52. The stock had a trading volume of 7,606,559 shares, compared to its average volume of 3,341,679. The firm has a market cap of $229.71 billion, a PE ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71. The firm has a 50 day simple moving average of $295.69 and a 200-day simple moving average of $296.37. McDonald's Co. has a one year low of $243.53 and a one year high of $323.17.

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

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

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.