Bigelow Investment Advisors LLC Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Bigelow Investment Advisors LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 18.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,159 shares of the fast-food giant’s stock after selling 267 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in McDonald’s were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in McDonald’s by 21.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 140,807 shares of the fast-food giant’s stock worth $42,877,000 after purchasing an additional 24,787 shares during the period. Trilogy Capital Inc. grew its stake in shares of McDonald’s by 11.0% during the third quarter. Trilogy Capital Inc. now owns 1,804 shares of the fast-food giant’s stock valued at $549,000 after buying an additional 179 shares during the last quarter. Evernest Financial Advisors LLC raised its holdings in shares of McDonald’s by 15.7% in the third quarter. Evernest Financial Advisors LLC now owns 7,071 shares of the fast-food giant’s stock worth $2,153,000 after buying an additional 958 shares during the period. Copeland Capital Management LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $127,000. Finally, Roof Eidam Maycock Peralta LLC purchased a new position in McDonald’s during the 3rd quarter valued at $211,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Truist Financial decreased their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Robert W. Baird upped their target price 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. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $304.85 on Wednesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market cap of $218.46 billion, a PE ratio of 26.76, a P/E/G ratio of 3.16 and a beta of 0.74. The business has a 50-day simple moving average of $292.20 and a two-hundred day simple moving average of $293.38.

McDonald’s (NYSE:MCD) last released its 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%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,906 shares of company stock worth $5,406,382 in the last 90 days. Insiders own 0.23% of the company’s stock.

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.