McDonald’s Co. (NYSE:MCD) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. trimmed its stake in McDonald’s Co. (NYSE:MCD) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,221 shares of the fast-food giant’s stock after selling 359 shares during the period. McDonald’s makes up 0.7% of Linscomb & Williams Inc.’s investment portfolio, making the stock its 22nd largest holding. Linscomb & Williams Inc.’s holdings in McDonald’s were worth $12,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $2,684,899,000. International Assets Investment Management LLC grew its holdings in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after buying an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of McDonald’s in the third quarter worth $192,165,000. Barclays PLC increased its position in McDonald’s by 16.7% during the 3rd 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 in the last quarter. Finally, Winslow Capital Management LLC lifted its holdings in McDonald’s by 39.6% in the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after purchasing an additional 370,699 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,096 shares of company stock worth $1,127,678. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock traded up $0.18 during trading on Friday, hitting $258.11. 3,382,879 shares of the company were exchanged, compared to its average volume of 3,431,503. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a market capitalization of $186.01 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.91 and a beta of 0.71. The business’s 50-day simple moving average is $272.79 and its 200 day simple moving average is $283.37.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the business earned $2.63 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.59%. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Guggenheim dropped their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. TD Cowen reiterated a “buy” rating and set a $305.00 target price on shares of McDonald’s in a report on Monday, May 20th. Truist Financial dropped their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Bank of America boosted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s 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.