McDonald’s Co. (NYSE:MCD) Shares Sold by Portfolio Design Labs LLC

Portfolio Design Labs LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,378 shares of the fast-food giant’s stock after selling 484 shares during the quarter. Portfolio Design Labs LLC’s holdings in McDonald’s were worth $1,269,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s in the 4th quarter valued at $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the 3rd quarter valued at $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock worth $2,150,857 over the last three months. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Citigroup lifted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Up 0.6 %

Shares of MCD opened at $310.16 on Wednesday. The firm has a market cap of $222.27 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 4.08 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 company’s 50-day moving average price is $291.02 and its 200 day moving average price is $291.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Equities research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

McDonald’s 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.