Curi RMB Capital LLC Decreases Stock Holdings in McDonald's Co. (NYSE:MCD)

Curi RMB Capital LLC reduced its position in McDonald's Co. (NYSE:MCD - Free Report) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,486 shares of the fast-food giant's stock after selling 1,686 shares during the period. Curi RMB Capital LLC's holdings in McDonald's were worth $1,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Elevatus Welath Management boosted its position in shares of McDonald's by 5.3% during the 4th quarter. Elevatus Welath Management now owns 769 shares of the fast-food giant's stock valued at $223,000 after acquiring an additional 39 shares during the last quarter. First Trust Advisors LP grew its stake in shares of McDonald's by 29.1% in the 4th quarter. First Trust Advisors LP now owns 250,700 shares of the fast-food giant's stock worth $72,675,000 after buying an additional 56,575 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in shares of McDonald's by 4.1% in the 4th quarter. Freedom Investment Management Inc. now owns 3,560 shares of the fast-food giant's stock worth $1,032,000 after buying an additional 140 shares during the last quarter. Forum Financial Management LP raised its position in shares of McDonald's by 3.7% during the 4th quarter. Forum Financial Management LP now owns 9,894 shares of the fast-food giant's stock valued at $2,868,000 after buying an additional 351 shares in the last quarter. Finally, Generation Capital Management LLC bought a new position in shares of McDonald's in the 4th quarter valued at about $1,371,000. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares of the company's stock, valued at $4,263,290. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock valued at $8,676,247 in the last three months. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Robert W. Baird lowered their price objective on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. 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. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Truist Financial decreased their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Wedbush lifted their price objective on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average price target of $322.74.

McDonald's Stock Down 0.9 %

Shares of NYSE MCD traded down $2.94 during midday trading on Thursday, reaching $315.54. 880,200 shares of the stock were exchanged, compared to its average volume of 3,576,962. The firm has a 50-day simple moving average of $307.79 and a two-hundred day simple moving average of $299.60. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm has a market cap of $225.44 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting 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 expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is currently 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.