MassMutual Private Wealth & Trust FSB Sells 2,545 Shares of McDonald’s Corporation $MCD

MassMutual Private Wealth & Trust FSB decreased its position in McDonald’s Corporation (NYSE:MCDFree Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,293 shares of the fast-food giant’s stock after selling 2,545 shares during the period. McDonald’s accounts for about 1.0% of MassMutual Private Wealth & Trust FSB’s investment portfolio, making the stock its 24th biggest position. MassMutual Private Wealth & Trust FSB’s holdings in McDonald’s were worth $38,905,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. Evergreen Private Wealth LLC increased its stake in shares of McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after buying an additional 52 shares during the period. Traub Capital Management LLC bought a new stake in shares of McDonald’s in the second quarter valued at about $29,000. Painted Porch Advisors LLC lifted its stake in McDonald’s by 735.7% in the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after acquiring an additional 103 shares during the period. Davis Capital Management purchased a new stake in McDonald’s in the third quarter worth about $37,000. Finally, Saranac Partners Ltd bought a new position in McDonald’s during the 3rd quarter worth about $37,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 4,692 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the transaction, the chief marketing officer directly owned 6,200 shares in the company, valued at $2,052,200. The trade was a 43.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $325.25, for a total value of $854,106.50. Following the transaction, the insider directly owned 5,398 shares in the company, valued at $1,755,699.50. This represents a 32.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 71,657 shares of company stock valued at $23,722,204. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $309.42 on Friday. McDonald’s Corporation has a one year low of $283.47 and a one year high of $341.75. The firm has a market cap of $219.81 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.75 and a beta of 0.51. The firm has a 50-day simple moving average of $321.59 and a two-hundred day simple moving average of $311.69.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the firm earned $2.83 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. McDonald’s’s payout ratio is currently 62.26%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Tigress Financial increased their price objective on shares of McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Royal Bank Of Canada lifted their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Truist Financial boosted their price objective on shares of McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, KeyCorp upped their target price on McDonald’s from $340.00 to $354.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $339.69.

Read Our Latest Stock Analysis on MCD

Key Stories Impacting McDonald’s

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McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Further Reading

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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