McDonald’s Co. (NYSE:MCD) Shares Sold by Souders Financial Advisors

Souders Financial Advisors decreased its holdings in McDonald’s Co. (NYSE:MCD) by 27.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,294 shares of the fast-food giant’s stock after selling 3,866 shares during the quarter. Souders Financial Advisors’ holdings in McDonald’s were worth $2,984,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the third quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter valued at $27,000. Collier Financial bought a new position in McDonald’s during the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter worth about $31,000. Finally, Marshall Investment Management LLC bought a new stake in McDonald’s in the fourth quarter worth about $37,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. BMO Capital Markets upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Truist Financial lowered their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. 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 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.4 %

Shares of McDonald’s stock opened at $305.66 on Wednesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm’s 50-day moving average price is $294.54 and its two-hundred day moving average price is $295.83. The stock has a market capitalization of $218.38 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 3.10 and a beta of 0.74.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is 62.16%.

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.