B. Metzler seel. Sohn & Co. AG Sells 7,017 Shares of McDonald’s Co. (NYSE:MCD)

B. Metzler seel. Sohn & Co. AG reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 391,177 shares of the fast-food giant’s stock after selling 7,017 shares during the quarter. McDonald’s comprises about 1.2% of B. Metzler seel. Sohn & Co. AG’s portfolio, making the stock its 20th largest holding. B. Metzler seel. Sohn & Co. AG’s holdings in McDonald’s were worth $113,333,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth about $25,000. Atala Financial Inc purchased a new stake in McDonald’s in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the 4th quarter worth about $27,000. Collier Financial purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $29,000. Finally, Fairway Wealth LLC raised its position in McDonald’s by 110.0% during 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. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $84,225.00. Following the completion of 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. In the last quarter, insiders have sold 28,996 shares of company stock valued at $8,897,534. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Down 1.8 %

Shares of NYSE MCD opened at $306.95 on Monday. The company has a 50-day moving average of $301.52 and a 200 day moving average of $298.20. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market cap of $219.31 billion, a PE ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 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%. On average, sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal 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 issued 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 dividend payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. TD Securities reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Citigroup boosted their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler cut their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Nine investment 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’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

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.