Bryn Mawr Capital Management LLC Sells 432 Shares of McDonald’s Co. (NYSE:MCD)

Bryn Mawr Capital Management LLC trimmed its stake in McDonald’s Co. (NYSE:MCD) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,829 shares of the fast-food giant’s stock after selling 432 shares during the period. Bryn Mawr Capital Management LLC’s holdings in McDonald’s were worth $13,285,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. National Pension Service raised its holdings in shares of McDonald’s by 3.8% in the fourth quarter. National Pension Service now owns 1,521,262 shares of the fast-food giant’s stock worth $440,999,000 after buying an additional 56,055 shares during the period. Advisor OS LLC increased its stake in McDonald’s by 3.6% in the fourth quarter. Advisor OS LLC now owns 9,392 shares of the fast-food giant’s stock worth $2,722,000 after purchasing an additional 330 shares during the period. Lake Street Advisors Group LLC increased its stake in McDonald’s by 50.8% in the fourth quarter. Lake Street Advisors Group LLC now owns 13,203 shares of the fast-food giant’s stock worth $3,827,000 after purchasing an additional 4,445 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of McDonald’s during the fourth quarter worth $213,000. Finally, Daner Wealth Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter valued at $825,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $310.84 on Wednesday. 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 $222.75 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.74. The firm’s fifty day moving average is $293.10 and its 200 day moving average is $294.65.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,504 shares of company stock worth $9,897,305. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler decreased their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. TD Securities restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. BMO Capital Markets upped 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. JPMorgan Chase & Co. raised their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Citigroup boosted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Ten equities 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

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, Spain, and the U.K.