OneDigital Investment Advisors LLC Sells 922 Shares of McDonald's Co. (NYSE:MCD)

OneDigital Investment Advisors LLC lowered its stake in McDonald's Co. (NYSE:MCD - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,893 shares of the fast-food giant's stock after selling 922 shares during the quarter. OneDigital Investment Advisors LLC's holdings in McDonald's were worth $13,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $27,000. Collier Financial acquired a new stake in McDonald's during the fourth quarter worth about $29,000. Fairway Wealth LLC grew its position in shares of McDonald's by 110.0% during the fourth 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 last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald's in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Piper Sandler lowered their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Wedbush lifted their target price on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, Loop Capital restated a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's currently has a consensus rating of "Moderate Buy" and an average price target of $322.74.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $0.38 on Friday, hitting $316.60. The stock had a trading volume of 2,282,669 shares, compared to its average volume of 3,683,535. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm's 50 day moving average price is $307.94 and its 200-day moving average price is $299.70. The company has a market capitalization of $226.20 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock worth $8,676,247 in the last quarter. Corporate insiders own 0.25% of the company's stock.

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.