Vestor Capital LLC Sells 70 Shares of McDonald’s Co. (NYSE:MCD)

Vestor Capital LLC reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,528 shares of the fast-food giant’s stock after selling 70 shares during the quarter. Vestor Capital LLC’s holdings in McDonald’s were worth $5,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mizuho Securities USA LLC raised its position in McDonald’s by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 67,919 shares of the fast-food giant’s stock valued at $19,689,000 after purchasing an additional 21,403 shares during the last quarter. Millstone Evans Group LLC bought a new position in McDonald’s in the fourth quarter valued at about $440,000. Atlas Wealth LLC raised its position in McDonald’s by 4.3% in the fourth quarter. Atlas Wealth LLC now owns 1,201 shares of the fast-food giant’s stock valued at $348,000 after purchasing an additional 50 shares during the last quarter. Lakeshore Financial Planning Inc. raised its position in McDonald’s by 1.9% in the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,527 shares of the fast-food giant’s stock valued at $733,000 after purchasing an additional 47 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in McDonald’s in the fourth quarter valued at about $790,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $305.07 on Friday. The stock has a market cap of $217.96 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a fifty day moving average of $298.75 and a 200-day moving average of $297.38.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting 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, sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on MCD shares. Bank of America increased 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 company an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial decreased their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Citigroup raised their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird raised their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.39.

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.