One Charles Private Wealth Services LLC Sells 56 Shares of McDonald’s Co. (NYSE:MCD)

One Charles Private Wealth Services LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,841 shares of the fast-food giant’s stock after selling 56 shares during the quarter. One Charles Private Wealth Services LLC’s holdings in McDonald’s were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after buying an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $192,165,000. AMF Tjanstepension AB lifted its holdings in McDonald’s by 174.7% during the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after purchasing an additional 602,707 shares in the last quarter. Barclays PLC boosted its position in shares of McDonald’s by 16.7% in the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after purchasing an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC increased its stake in shares of McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after purchasing an additional 370,699 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MCD. Royal Bank of Canada dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. JPMorgan Chase & Co. cut their target price on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday. Truist Financial decreased their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday. Robert W. Baird dropped their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets reduced their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Stock Down 1.1 %

NYSE:MCD traded down $2.96 during mid-day trading on Friday, hitting $270.32. 2,642,344 shares of the stock traded hands, compared to its average volume of 3,812,742. The stock has a market capitalization of $194.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm’s 50 day moving average is $279.53 and its two-hundred day moving average is $282.35.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share. As a group, research analysts predict that McDonald’s Co. will post 12.18 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was 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 of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

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.