McDonald’s Co. (NYSE:MCD) Shares Sold by TIAA Trust National Association

TIAA Trust National Association decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,720 shares of the fast-food giant’s stock after selling 1,236 shares during the quarter. TIAA Trust National Association’s holdings in McDonald’s were worth $15,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Ashton Thomas Securities LLC boosted its position in shares of McDonald’s by 42.6% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,838 shares of the fast-food giant’s stock valued at $534,000 after acquiring an additional 549 shares during the last quarter. TD Asset Management Inc. raised its stake in McDonald’s by 6.2% during the fourth quarter. TD Asset Management Inc. now owns 1,297,910 shares of the fast-food giant’s stock worth $376,251,000 after purchasing an additional 75,540 shares during the period. Modern Wealth Management LLC boosted its holdings in McDonald’s by 13.3% in the 4th quarter. Modern Wealth Management LLC now owns 9,802 shares of the fast-food giant’s stock valued at $3,023,000 after purchasing an additional 1,154 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $2,190,000. Finally, Hirtle Callaghan & Co LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $248,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Loop Capital restated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Finally, Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock worth $9,886,656 over the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.4 %

Shares of NYSE:MCD opened at $307.01 on Wednesday. The company has a market cap of $219.35 billion, a PE ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71. The company’s 50 day moving average is $299.72 and its two-hundred day moving average is $297.78. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 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.