McDonald’s Co. (NYSE:MCD) Position Reduced by Vest Financial LLC

Vest Financial LLC cut its position in shares of McDonald’s Co. (NYSE:MCD) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,955 shares of the fast-food giant’s stock after selling 367 shares during the quarter. McDonald’s accounts for about 1.0% of Vest Financial LLC’s investment portfolio, making the stock its 25th largest holding. Vest Financial LLC’s holdings in McDonald’s were worth $56,226,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in McDonald’s in the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s in the third quarter worth $44,000. Financial Life Planners bought a new position in McDonald’s during the fourth quarter valued at approximately $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the third quarter worth about $58,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.0 %

Shares of McDonald’s stock opened at $294.39 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $210.97 billion, a PE ratio of 25.85, a P/E/G ratio of 4.08 and a beta of 0.74. The business has a 50 day moving average of $290.73 and a 200 day moving average of $290.40.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on MCD shares. Morgan Stanley reduced their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. BMO Capital Markets raised their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Citigroup increased their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, Truist Financial decreased their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $318.86.

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.