McDonald’s Co. (NYSE:MCD) Shares Sold by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. decreased its position in McDonald’s Co. (NYSE:MCDFree Report) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,654 shares of the fast-food giant’s stock after selling 1,518 shares during the quarter. McDonald’s accounts for about 0.7% of Nicolet Bankshares Inc.’s investment portfolio, making the stock its 28th largest holding. Nicolet Bankshares Inc.’s holdings in McDonald’s were worth $2,280,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Covestor Ltd increased its holdings in shares of McDonald’s by 103.4% during the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after purchasing an additional 210 shares during the period. NewEdge Advisors LLC grew its holdings in McDonald’s by 7.7% during the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after acquiring an additional 5,007 shares during the period. Mackenzie Financial Corp grew its holdings in McDonald’s by 4.8% during the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after acquiring an additional 23,643 shares during the period. Stevens Capital Management LP acquired a new position in McDonald’s during the first quarter worth about $1,108,000. Finally, Equitable Holdings Inc. grew its holdings in McDonald’s by 59.7% during the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after acquiring an additional 3,490 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

McDonald’s Stock Performance

MCD stock traded down $0.13 on Monday, reaching $289.34. The company’s stock had a trading volume of 1,251,147 shares, compared to its average volume of 3,369,822. The firm has a market cap of $209.87 billion, a PE ratio of 25.02, a PEG ratio of 3.12 and a beta of 0.73. The business has a fifty day simple moving average of $292.33 and a two-hundred day simple moving average of $280.05. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. McDonald’s’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $1.67 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. McDonald’s’s dividend payout ratio is presently 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $290.70, for a total value of $1,332,278.10. Following the completion of the sale, the insider now directly owns 8,187 shares in the company, valued at $2,379,960.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $281.25, for a total value of $1,261,968.75. Following the completion of the sale, the insider now owns 8,908 shares of the company’s stock, valued at $2,505,375. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on McDonald’s from $270.00 to $278.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 31st. Stifel Nicolaus raised their price objective on McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a research note on Thursday, January 4th. Piper Sandler lifted their price target on McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Stephens restated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $320.10.

Read Our Latest Report on McDonald’s

About McDonald’s

(Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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