Ironwood Investment Counsel LLC Sells 212 Shares of McDonald’s Co. (NYSE:MCD)

Ironwood Investment Counsel LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,912 shares of the fast-food giant’s stock after selling 212 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in McDonald’s were worth $3,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Mattern Capital Management LLC increased its position in McDonald’s by 2.0% during the fourth 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 grew its stake in shares of McDonald’s by 3.0% during the fourth 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 during the last quarter. YANKCOM Partnership purchased a new stake in shares of McDonald’s in the fourth quarter worth approximately $1,628,000. Charles Schwab Investment Management Inc. lifted its stake in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. Finally, Integral Investment Advisors Inc. grew its position in McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after acquiring an additional 164 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $297.45 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The company’s fifty day moving average price is $296.86 and its 200 day moving average price is $296.71. The company has a market capitalization of $212.52 billion, a PE ratio of 26.11, a price-to-earnings-growth 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 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities analysts expect that McDonald’s Co. will post 12.25 EPS 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 issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MCD shares. TD Securities reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Bank of America lifted their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. KeyCorp increased their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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.