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

Intellectus Partners LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,683 shares of the fast-food giant’s stock after selling 447 shares during the quarter. Intellectus Partners LLC’s holdings in McDonald’s were worth $1,092,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of McDonald’s by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after buying an additional 262,147 shares during the last quarter. Northern Trust Corp lifted its position in shares of McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after buying an additional 151,161 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of McDonald’s by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock worth $1,401,570,000 after buying an additional 237,532 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of McDonald’s by 4.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock worth $1,209,171,000 after buying an additional 199,657 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of McDonald’s by 0.7% in the 4th quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after buying an additional 26,147 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 0.9 %

Shares of McDonald’s stock traded down $2.51 during trading on Friday, hitting $273.09. The stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. The stock has a 50 day simple moving average of $281.68 and a 200 day simple moving average of $281.74. The company has a market capitalization of $196.90 billion, a PE ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $2.59 earnings per share. As a group, equities analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MCD shares. TD Cowen restated a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday, April 10th. Truist Financial cut their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Royal Bank of Canada cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Finally, UBS Group cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $318.41.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.