McDonald’s Co. (NYSE:MCD) Holdings Trimmed by Fundamentun LLC

Fundamentun LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD – Get Rating) by 3.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,018 shares of the fast-food giant’s stock after selling 502 shares during the period. Fundamentun LLC’s holdings in McDonald’s were worth $3,958,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MCD. Arrowstreet Capital Limited Partnership boosted its stake in McDonald’s by 1,189.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after buying an additional 2,021,754 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of McDonald’s by 77.8% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,849,583 shares of the fast-food giant’s stock valued at $950,418,000 after purchasing an additional 1,684,960 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of McDonald’s by 16.3% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock valued at $1,816,219,000 after purchasing an additional 1,105,231 shares during the period. Renaissance Technologies LLC boosted its position in shares of McDonald’s by 44.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,531,400 shares of the fast-food giant’s stock valued at $625,965,000 after purchasing an additional 776,419 shares during the period. Finally, Barclays PLC boosted its position in shares of McDonald’s by 48.4% in the 3rd quarter. Barclays PLC now owns 1,879,173 shares of the fast-food giant’s stock valued at $433,603,000 after purchasing an additional 612,854 shares during the period. Institutional investors own 66.86% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 3,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $267.69, for a total value of $1,030,606.50. Following the sale, the chief executive officer now owns 34,637 shares of the company’s stock, valued at approximately $9,271,978.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, CEO Christopher J. Kempczinski sold 3,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $267.69, for a total value of $1,030,606.50. Following the sale, the chief executive officer now owns 34,637 shares of the company’s stock, valued at approximately $9,271,978.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Catherine A. Hoovel sold 2,876 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $270.00, for a total value of $776,520.00. Following the completion of the sale, the senior vice president now directly owns 1,184 shares in the company, valued at approximately $319,680. The disclosure for this sale can be found here. Insiders have sold 8,122 shares of company stock valued at $2,177,681 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. Citigroup decreased their price target on McDonald’s from $279.00 to $277.00 and set a “neutral” rating for the company in a research report on Wednesday, February 1st. Truist Financial reduced their price objective on McDonald’s from $300.00 to $292.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Morgan Stanley increased their price objective on McDonald’s from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. StockNews.com began coverage on McDonald’s in a research note on Thursday. They issued a “buy” rating for the company. Finally, Credit Suisse Group increased their price objective on McDonald’s from $298.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $288.80.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $3.37 during mid-day trading on Friday, reaching $267.20. 5,075,300 shares of the company traded hands, compared to its average volume of 2,818,193. The stock has a market cap of $195.46 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. The company’s fifty day moving average is $267.15 and its two-hundred day moving average is $262.86. McDonald’s Co. has a fifty-two week low of $228.34 and a fifty-two week high of $281.67.

McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The fast-food giant reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a negative return on equity of 120.10% and a net margin of 26.65%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 EPS. Research analysts forecast that McDonald’s Co. will post 10.51 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 28th. McDonald’s’s dividend payout ratio (DPR) is currently 72.81%.

McDonald’s Company Profile

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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, Russia, Spain, and the U.K.