McDonald's Co. (NYSE:MCD) Holdings Decreased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,600 shares of the fast-food giant's stock after selling 42,785 shares during the period. State of Tennessee Department of Treasury's holdings in McDonald's were worth $68,588,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. 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 purchased a new position in shares of McDonald's in the 4th quarter worth $27,000. Collier Financial acquired a new position in McDonald's in the fourth quarter valued at $29,000. Fairway Wealth LLC grew its position in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's during the fourth quarter worth about $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Down 0.7 %

MCD stock traded down $2.35 during trading on Thursday, hitting $316.13. 2,478,549 shares of the company's stock traded hands, compared to its average volume of 3,583,123. The stock has a market capitalization of $225.86 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a fifty day moving average price of $307.79 and a two-hundred day moving average price of $299.60.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wedbush lifted their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Piper Sandler decreased their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets raised their target price on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Robert W. Baird decreased their price target on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $322.74.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction 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 transaction, the insider now owns 13,978 shares of the company's stock, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This represents a 15.23 % 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 90 days. 0.23% of the stock is currently owned by company insiders.

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.