McDonald’s Co. (NYSE:MCD) Position Lessened by Core Alternative Capital

Core Alternative Capital lowered its position in McDonald’s Co. (NYSE:MCD) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,801 shares of the fast-food giant’s stock after selling 2,421 shares during the quarter. McDonald’s makes up approximately 1.7% of Core Alternative Capital’s holdings, making the stock its 16th biggest position. Core Alternative Capital’s holdings in McDonald’s were worth $8,059,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MCD. International Assets Investment Management LLC grew its position in McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of 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 purchasing an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in McDonald’s in the third quarter worth $121,254,000. Zurich Insurance Group Ltd FI increased its position in McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after buying an additional 261,350 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in McDonald’s by 26,948.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock valued at $66,023,000 after buying an additional 226,910 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE MCD opened at $308.22 on Tuesday. The stock’s 50 day simple moving average is $290.70 and its 200 day simple moving average is $291.16. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $220.88 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. As a group, equities analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Announces Dividend

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 given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup upped their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $319.13.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value 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 approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on 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 directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,406 shares of company stock valued at $2,150,857. Insiders own 0.23% of the company’s stock.

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, Russia, Spain, and the U.K.