Larson Financial Group LLC Reduces Stock Position in McDonald’s Co. (NYSE:MCD)

Larson Financial Group LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 28.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,601 shares of the fast-food giant’s stock after selling 1,857 shares during the period. Larson Financial Group LLC’s holdings in McDonald’s were worth $1,334,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. NS Partners Ltd boosted its position in McDonald’s by 3.4% during the 4th quarter. NS Partners Ltd now owns 127,486 shares of the fast-food giant’s stock valued at $36,957,000 after buying an additional 4,251 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of McDonald’s in the 4th quarter worth about $5,595,000. Banco Santander S.A. lifted its position in shares of McDonald’s by 4.1% in the 4th quarter. Banco Santander S.A. now owns 35,824 shares of the fast-food giant’s stock worth $10,385,000 after purchasing an additional 1,419 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of McDonald’s by 0.9% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 125,793 shares of the fast-food giant’s stock worth $40,034,000 after purchasing an additional 1,099 shares during the period. Finally, Oak Hill Wealth Advisors LLC lifted its position in shares of McDonald’s by 244.0% in the 4th quarter. Oak Hill Wealth Advisors LLC now owns 3,095 shares of the fast-food giant’s stock worth $897,000 after purchasing an additional 5,245 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 3.6 %

Shares of MCD stock opened at $321.52 on Friday. The company has a 50 day moving average price of $295.69 and a 200-day moving average price of $296.32. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $323.17. The firm has a market capitalization of $229.71 billion, a PE ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on 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 owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup raised their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird increased their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Bank of America increased their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note 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’s stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $323.61.

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, Spain, and the U.K.