US Bancorp DE Sells 23,661 Shares of McDonald’s Co. (NYSE:MCD)

US Bancorp DE decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,014,632 shares of the fast-food giant’s stock after selling 23,661 shares during the quarter. US Bancorp DE owned about 0.14% of McDonald’s worth $294,132,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its position in shares of McDonald’s by 16.5% in the 4th quarter. Fisher Asset Management LLC now owns 297,971 shares of the fast-food giant’s stock worth $86,379,000 after acquiring an additional 42,223 shares during the period. Wiser Advisor Group LLC lifted its position in shares of McDonald’s by 2.2% in the 4th quarter. Wiser Advisor Group LLC now owns 4,374 shares of the fast-food giant’s stock worth $1,268,000 after acquiring an additional 95 shares during the period. SVB Wealth LLC bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $12,254,000. Flputnam Investment Management Co. lifted its position in shares of McDonald’s by 6.5% in the 4th quarter. Flputnam Investment Management Co. now owns 39,286 shares of the fast-food giant’s stock worth $11,389,000 after acquiring an additional 2,402 shares during the period. Finally, Fortress Financial Group LLC bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $201,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $308.17 on Friday. The stock has a fifty day moving average of $294.06 and a 200-day moving average of $295.09. The stock has a market capitalization of $220.84 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last released its 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 negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. 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 dividend payout ratio (DPR) is currently 62.16%.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Morgan Stanley raised their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Truist Financial dropped their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Citigroup increased their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Piper Sandler dropped their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $323.61.

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.