McDonald’s Co. (NYSE:MCD) Shares Sold by Brown Financial Advisors

Brown Financial Advisors decreased its position in McDonald’s Co. (NYSE:MCD) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,638 shares of the fast-food giant’s stock after selling 125 shares during the period. Brown Financial Advisors’ holdings in McDonald’s were worth $1,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec grew its stake in McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s in the third quarter valued at about $121,254,000. Zurich Insurance Group Ltd FI grew its position in shares of McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after purchasing an additional 261,350 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of McDonald’s by 26,948.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after purchasing an additional 226,910 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $64,805,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,106 shares of company stock valued at $6,382,112. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $307.34 on Tuesday. The company has a market cap of $220.24 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock’s 50-day moving average is $292.80 and its 200-day moving average is $294.35.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Bank of America increased their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Barclays lifted their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Company Profile

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.