Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,266 Shares of McDonald's Co. (NYSE:MCD)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,955 shares of the fast-food giant's stock after selling 1,266 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in McDonald's were worth $1,147,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MCD. United Bank grew its holdings in McDonald's by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant's stock worth $1,963,000 after acquiring an additional 218 shares during the last quarter. Baillie Gifford & Co. increased its holdings in McDonald's by 18.3% during the 3rd quarter. Baillie Gifford & Co. now owns 138,155 shares of the fast-food giant's stock valued at $42,070,000 after purchasing an additional 21,376 shares during the period. Souders Financial Advisors raised its position in McDonald's by 235.5% during the 3rd quarter. Souders Financial Advisors now owns 14,160 shares of the fast-food giant's stock valued at $4,312,000 after purchasing an additional 9,940 shares during the last quarter. Gibson Wealth Advisors LLC bought a new stake in shares of McDonald's in the 3rd quarter worth approximately $209,000. Finally, GHE LLC increased its stake in shares of McDonald's by 1.5% during the third quarter. GHE LLC now owns 14,541 shares of the fast-food giant's stock valued at $4,363,000 after buying an additional 213 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MCD shares. Citigroup lifted their price target on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. TD Securities reiterated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Truist Financial decreased their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, 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 report on Tuesday, February 11th. 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.61.

McDonald's Stock Down 0.7 %

NYSE:MCD traded down $1.95 during trading hours on Thursday, hitting $297.45. 4,178,562 shares of the stock traded hands, compared to its average volume of 3,356,616. The stock has a 50 day moving average price of $296.86 and a 200 day moving average price of $296.71. The company has a market cap of $212.52 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

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, meeting 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 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Insider Buying and Selling

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred 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 directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by corporate insiders.

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.