Select Asset Management & Trust Cuts Stock Position in McDonald's Co. (NYSE:MCD)

Select Asset Management & Trust trimmed its position in McDonald's Co. (NYSE:MCD - Free Report) by 48.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,996 shares of the fast-food giant's stock after selling 9,500 shares during the period. McDonald's makes up about 1.1% of Select Asset Management & Trust's portfolio, making the stock its 15th largest holding. Select Asset Management & Trust's holdings in McDonald's were worth $2,898,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have commented on MCD shares. Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. TD Securities reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. Citigroup reduced their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Robert W. Baird dropped their target price on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $322.74.

McDonald's Trading Down 0.2 %

McDonald's stock traded down $0.50 during mid-day trading on Wednesday, hitting $318.58. The company had a trading volume of 3,209,437 shares, compared to its average volume of 3,587,537. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock's 50 day moving average price is $307.59 and its two-hundred day moving average price is $299.47. The company has a market capitalization of $227.61 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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 research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is currently 62.16%.

Insider Activity at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction that occurred on 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 directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company's stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,436 shares of company stock valued at $8,760,472 over the last ninety days. Insiders own 0.23% of the company's stock.

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.