McDonald’s Co. (NYSE:MCD) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in McDonald’s Co. (NYSE:MCD) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 406,221 shares of the fast-food giant’s stock after selling 5,410 shares during the quarter. Keybank National Association OH owned about 0.06% of McDonald’s worth $117,759,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the 4th quarter worth $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter worth $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth $31,000. Finally, Marshall Investment Management LLC acquired a new position in shares of McDonald’s during the 4th quarter worth $37,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of MCD stock opened at $303.70 on Tuesday. The firm has a market cap of $216.98 billion, a P/E ratio of 26.66, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm’s 50-day simple moving average is $294.31 and its 200-day simple moving average is $295.64.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This trade represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Barclays boosted their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Citigroup boosted their price objective 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. Finally, Robert W. Baird boosted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.61.

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.