McDonald's Co. (NYSE:MCD) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lessened its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,134 shares of the fast-food giant's stock after selling 1,185 shares during the period. Valley Wealth Managers Inc.'s holdings in McDonald's were worth $3,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Kennebec Savings Bank acquired a new position in shares of McDonald's during the 3rd quarter worth about $1,394,000. YANKCOM Partnership acquired a new position in shares of McDonald's during the 4th quarter worth about $1,628,000. Charles Schwab Investment Management Inc. raised its position 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 worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of McDonald's by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock worth $14,978,000 after purchasing an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC acquired a new stake in McDonald's in the 4th quarter valued at about $2,471,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,099 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $304.60, for a total transaction of $334,755.40. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,205 shares of company stock worth $6,703,569 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on MCD. BMO Capital Markets increased their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Wedbush increased 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. TD Cowen reiterated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a report on Tuesday, October 29th. Piper Sandler cut their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Truist Financial cut their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $323.61.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.71 during mid-day trading on Friday, reaching $304.76. 3,034,763 shares of the company were exchanged, compared to its average volume of 3,198,654. The firm has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.09 and a beta of 0.74. The firm's 50-day simple moving average is $292.61 and its 200 day simple moving average is $293.76. McDonald's Co. has a 1 year low of $243.53 and a 1 year 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 (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, research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

McDonald's Company 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.