Keybank National Association OH Sells 5,410 Shares of McDonald's Co. (NYSE:MCD)

Keybank National Association OH reduced its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,221 shares of the fast-food giant's stock after selling 5,410 shares during the quarter. Keybank National Association OH owned 0.06% of McDonald's worth $117,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald's during the 3rd quarter worth $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's during the fourth quarter valued at $27,000. Collier Financial purchased a new stake in shares of McDonald's during the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald's in the 3rd quarter valued at $31,000. Finally, Marshall Investment Management LLC purchased a new position in McDonald's in the 4th quarter worth about $37,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock worth $10,206,575 in the last ninety days. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on MCD. Wedbush raised their target price on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. KeyCorp lifted their price objective on shares of McDonald's from $320.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Morgan Stanley increased their target price on McDonald's from $336.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Truist Financial decreased their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Barclays upped their price target on 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.61.

McDonald's Stock Up 0.6 %

MCD stock traded up $1.81 during midday trading on Wednesday, hitting $307.58. 2,311,012 shares of the company traded hands, compared to its average volume of 3,316,890. The business has a 50 day simple moving average of $294.54 and a 200-day simple moving average of $295.83. The stock has a market capitalization of $219.75 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

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, 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%. Equities research analysts forecast 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

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.