KWB Wealth Sells 444 Shares of McDonald’s Co. (NYSE:MCD)

KWB Wealth decreased its holdings in McDonald’s Co. (NYSE:MCD) by 9.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,380 shares of the fast-food giant’s stock after selling 444 shares during the period. KWB Wealth’s holdings in McDonald’s were worth $1,235,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MCD. Norges Bank acquired a new stake in shares of McDonald’s during the 4th quarter valued at $2,684,899,000. Gallagher Fiduciary Advisors LLC lifted its holdings in McDonald’s by 141,160.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after buying an additional 5,609,736 shares during the period. International Assets Investment Management LLC lifted its holdings in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after buying an additional 2,154,297 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in McDonald’s by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after buying an additional 987,099 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in McDonald’s by 552.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock worth $234,729,000 after buying an additional 670,261 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,593 shares of company stock valued at $1,472,518. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCD. Evercore ISI reissued an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Truist Financial dropped their price objective on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. TD Cowen reissued a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 13th. Finally, Stifel Nicolaus dropped their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $313.89.

McDonald’s Price Performance

Shares of NYSE:MCD traded up $2.21 during trading on Thursday, hitting $250.00. 2,026,070 shares of the company were exchanged, compared to its average volume of 3,639,543. The company has a market cap of $180.17 billion, a PE ratio of 21.22, a P/E/G ratio of 2.79 and a beta of 0.71. The stock has a 50 day moving average of $261.68 and a 200 day moving average of $278.32. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 EPS. Sell-side analysts forecast that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. McDonald’s’s payout ratio is currently 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.