Rothschild Investment LLC Sells 427 Shares of McDonald’s Co. (NYSE:MCD)

Rothschild Investment LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,656 shares of the fast-food giant’s stock after selling 427 shares during the period. Rothschild Investment LLC’s holdings in McDonald’s were worth $7,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mattern Capital Management LLC raised its position in shares of McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares during the last quarter. Bell Bank increased its position in shares of McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after buying an additional 371 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of McDonald’s in the 3rd quarter valued at $1,394,000. YANKCOM Partnership bought a new stake in shares of McDonald’s in the 4th quarter valued at $1,628,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after buying an additional 49,106 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on MCD shares. Loop Capital restated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Wedbush increased their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $304.76 on Monday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company has a 50-day simple moving average of $292.61 and a 200 day simple moving average of $294.10.

McDonald’s (NYSE:MCD) last issued its earnings results 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 31.73% and a negative return on equity of 181.63%. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,675 shares in the company, 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. In the last ninety days, insiders sold 21,106 shares of company stock worth $6,382,112. Insiders own 0.23% of the company’s stock.

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.