McDonald’s Co. (NYSE:MCD) Shares Sold by Royal Capital Wealth Management LLC

Royal Capital Wealth Management LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,791 shares of the fast-food giant’s stock after selling 121 shares during the quarter. McDonald’s comprises 1.6% of Royal Capital Wealth Management LLC’s portfolio, making the stock its 18th largest position. Royal Capital Wealth Management LLC’s holdings in McDonald’s were worth $2,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northeast Financial Consultants Inc raised its stake in McDonald’s by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after buying an additional 34 shares in the last quarter. Pettee Investors Inc. raised its position in shares of McDonald’s by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after purchasing an additional 35 shares during the period. Covestor Ltd raised its position in shares of McDonald’s by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock worth $261,000 after purchasing an additional 35 shares during the period. Independent Wealth Network Inc. raised its position in shares of McDonald’s by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after purchasing an additional 36 shares during the period. Finally, Blue Barn Wealth LLC raised its position in shares of McDonald’s by 4.3% during the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction on Thursday, February 27th. The stock was 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 trade represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,099 shares of McDonald’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $475,176. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,436 shares of company stock worth $4,458,290 in the last three months. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Truist Financial set a $350.00 price target on McDonald’s in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird increased their price target on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Morgan Stanley dropped their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Stock Down 0.5%

Shares of NYSE MCD opened at $319.63 on Wednesday. The stock has a market capitalization of $228.55 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.10 and a beta of 0.57. The stock’s fifty day simple moving average is $310.92 and its 200 day simple moving average is $301.07. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 EPS. As a group, analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.22%. McDonald’s’s payout ratio is 62.49%.

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.