McDonald’s Co. (NYSE:MCD) Shares Sold by WealthShield Partners LLC

WealthShield Partners LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 14.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,541 shares of the fast-food giant’s stock after selling 785 shares during the quarter. WealthShield Partners LLC’s holdings in McDonald’s were worth $1,317,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MCD. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $121,254,000. Zurich Insurance Group Ltd FI boosted its stake in shares of McDonald’s by 3,580.1% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after purchasing an additional 261,350 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of McDonald’s by 26,948.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after purchasing an additional 226,910 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of McDonald’s during the 4th quarter worth about $64,805,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.8 %

MCD opened at $307.34 on Tuesday. The firm has a market capitalization of $220.24 billion, a P/E ratio of 26.98, a P/E/G ratio of 3.10 and a beta of 0.74. The firm’s 50 day moving average is $292.80 and its 200-day moving average is $294.35. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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 analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,106 shares of company stock worth $6,382,112. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MCD. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup raised their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Wedbush raised their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Truist Financial decreased their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s 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.