Ieq Capital LLC cut its position in McDonald's Co. (NYSE:MCD - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,148 shares of the fast-food giant's stock after selling 1,940 shares during the period. Ieq Capital LLC's holdings in McDonald's were worth $10,479,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in McDonald's by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock worth $4,833,510,000 after acquiring an additional 220,365 shares in the last quarter. Wellington Management Group LLP raised its position in shares of McDonald's by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock worth $4,592,892,000 after purchasing an additional 128,800 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of McDonald's by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of McDonald's by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant's stock valued at $841,966,000 after purchasing an additional 19,867 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of McDonald's by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock valued at $706,202,000 after purchasing an additional 2,311,721 shares during the period. 70.29% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 9,675 shares of the company's stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,205 shares of company stock worth $6,703,569 over the last three months. Insiders own 0.23% of the company's stock.
McDonald's Stock Up 0.6 %
Shares of NYSE MCD traded up $1.71 during midday trading on Friday, hitting $304.76. 3,034,763 shares of the company's stock were exchanged, compared to its average volume of 3,198,654. The firm has a market capitalization of $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company's 50 day moving average price is $292.45 and its 200 day moving average price is $293.51.
McDonald's (NYSE:MCD - Get Free Report) last released 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%. On average, equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.
McDonald's Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald's's dividend payout ratio is currently 62.16%.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Citigroup lifted their price target on shares of McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price objective on shares of McDonald's from $336.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Wedbush increased their target price on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Piper Sandler dropped their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Loop Capital reaffirmed a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $323.61.
Get Our Latest Research Report on MCD
McDonald's Company Profile
(
Free Report)
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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