SL Advisors LLC Sells 254 Shares of McDonald’s Co. (NYSE:MCD)

SL Advisors LLC lowered its stake in McDonald’s Co. (NYSE:MCDFree Report) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,710 shares of the fast-food giant’s stock after selling 254 shares during the quarter. McDonald’s comprises 1.1% of SL Advisors LLC’s portfolio, making the stock its 23rd biggest holding. SL Advisors LLC’s holdings in McDonald’s were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Southland Equity Partners LLC raised its position in McDonald’s by 5.9% during the 4th quarter. Southland Equity Partners LLC now owns 5,512 shares of the fast-food giant’s stock valued at $1,634,000 after purchasing an additional 309 shares in the last quarter. Walker Financial Services Inc. purchased a new stake in McDonald’s during the 4th quarter valued at about $210,000. Benson Investment Management Company Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at about $4,616,000. Farmers Trust Co. lifted its holdings in shares of McDonald’s by 244.4% in the 4th quarter. Farmers Trust Co. now owns 27,607 shares of the fast-food giant’s stock valued at $8,186,000 after buying an additional 19,591 shares during the period. Finally, Beese Fulmer Investment Management Inc. raised its holdings in McDonald’s by 1.2% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 51,014 shares of the fast-food giant’s stock worth $15,126,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Wedbush reiterated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Piper Sandler boosted their price objective on McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Stifel Nicolaus upped their price target on McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $320.10.

Read Our Latest Stock Report on McDonald’s

McDonald’s Trading Down 0.9 %

Shares of McDonald’s stock opened at $279.14 on Friday. The company has a fifty day moving average price of $292.42 and a 200 day moving average price of $280.84. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a market cap of $201.55 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business posted $2.59 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.39%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $290.70, for a total value of $1,332,278.10. Following the sale, the insider now owns 8,187 shares in the company, valued at approximately $2,379,960.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

McDonald’s Company Profile

(Free Report)

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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