Sandy Spring Bank Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Sandy Spring Bank trimmed its position in McDonald’s Co. (NYSE:MCDFree Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,399 shares of the fast-food giant’s stock after selling 413 shares during the quarter. McDonald’s comprises 1.0% of Sandy Spring Bank’s holdings, making the stock its 21st largest position. Sandy Spring Bank’s holdings in McDonald’s were worth $19,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after purchasing an additional 262,147 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after acquiring an additional 19,217,818 shares during the period. Northern Trust Corp grew its holdings in McDonald’s by 1.7% during the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after acquiring an additional 151,161 shares during the period. Norges Bank acquired a new stake in McDonald’s during the fourth quarter worth about $2,341,360,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock worth $1,401,570,000 after acquiring an additional 237,532 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MCD shares. Citigroup dropped their target price on McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Barclays dropped their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Truist Financial dropped their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. HSBC started coverage on McDonald’s in a report on Wednesday, December 20th. They issued a “buy” rating and a $317.00 price objective on the stock. Finally, Royal Bank of Canada dropped their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.00.

Check Out Our Latest Stock Report on McDonald’s

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $268.62 on Friday. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The company has a market cap of $193.68 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.90 and a beta of 0.71. The business’s 50 day moving average price is $285.59 and its 200 day moving average price is $280.55.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the business earned $2.59 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.49%. McDonald’s’s payout ratio is presently 57.74%.

About McDonald’s

(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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