Two Sigma Securities LLC Sells 14,392 Shares of McDonald's Co. (NYSE:MCD)

Two Sigma Securities LLC trimmed its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 88.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,837 shares of the fast-food giant's stock after selling 14,392 shares during the quarter. Two Sigma Securities LLC's holdings in McDonald's were worth $533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mattern Capital Management LLC grew its holdings in McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after buying an additional 579 shares in the last quarter. Bell Bank increased its position in McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after acquiring an additional 371 shares during the period. YANKCOM Partnership acquired a new stake in McDonald's in the 4th quarter worth about $1,628,000. Integral Investment Advisors Inc. boosted its holdings in McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares during the period. Finally, PFW Advisors LLC acquired a new position in shares of McDonald's during the 4th quarter worth approximately $2,471,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This trade 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 at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MCD. Truist Financial cut 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. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Barclays cut their price objective on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Citigroup decreased their target price on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, TD Securities reaffirmed a "hold" rating and set a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Ten 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $322.74.

McDonald's Stock Up 0.1 %

NYSE MCD opened at $316.60 on Friday. The company has a market capitalization of $226.20 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.10 and a beta of 0.62. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a fifty day simple moving average of $308.18 and a 200 day simple moving average of $299.78.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. Research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

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

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.

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