OneAscent Wealth Management LLC Sells 477 Shares of McDonald’s Co. (NYSE:MCD)

OneAscent Wealth Management LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 39.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 737 shares of the fast-food giant’s stock after selling 477 shares during the period. OneAscent Wealth Management LLC’s holdings in McDonald’s were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter valued at approximately $25,000. Atala Financial Inc acquired a new position in shares of McDonald’s during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the 4th quarter worth $27,000. Collier Financial bought a new position in McDonald’s in the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its stake in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MCD. Citigroup boosted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued 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 $323.61.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the sale, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,405 shares of company stock valued at $9,886,656. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Down 1.8 %

Shares of McDonald’s stock opened at $306.95 on Friday. The company has a market cap of $219.31 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business has a 50 day moving average price of $301.52 and a 200-day moving average price of $298.15. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. McDonald’s’s payout ratio is currently 62.16%.

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.