Federated Hermes Inc. Sells 24,974 Shares of McDonald's Co. (NYSE:MCD)

Federated Hermes Inc. cut its stake in McDonald's Co. (NYSE:MCD - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,624 shares of the fast-food giant's stock after selling 24,974 shares during the period. Federated Hermes Inc.'s holdings in McDonald's were worth $23,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Atala Financial Inc acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald's in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new stake in McDonald's during the 4th quarter worth $29,000. Fairway Wealth LLC grew its holdings in McDonald's by 110.0% during 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. Finally, Marshall Investment Management LLC bought a new stake in shares of McDonald's during the 4th quarter valued at $37,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Up 1.0 %

Shares of MCD stock traded up $3.06 during trading on Friday, reaching $309.84. The company's stock had a trading volume of 4,439,602 shares, compared to its average volume of 3,587,257. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The business has a fifty day moving average price of $306.10 and a 200-day moving average price of $299.00. The company has a market cap of $221.37 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

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McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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 net margin of 31.73% and a negative return on equity of 181.63%. Research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Loop Capital reaffirmed a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Bank of America upped their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. BMO Capital Markets lifted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird decreased their price objective on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and a consensus price target of $322.87.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 in the last 90 days. Corporate insiders own 0.23% of the company's stock.

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.