McDonald’s Co. (NYSE:MCD) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 5.3% during the 4th quarter, Holdings Channel reports. The fund owned 11,057 shares of the fast-food giant’s stock after selling 613 shares during the quarter. Resonant Capital Advisors LLC’s holdings in McDonald’s were worth $3,279,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MCD. Moneta Group Investment Advisors LLC increased its position in shares of McDonald’s by 106,340.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares during the last quarter. Norges Bank purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $2,341,360,000. International Assets Investment Management LLC increased its position in shares of McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of McDonald’s by 1,189.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after purchasing an additional 2,021,754 shares during the last quarter. Finally, Imprint Wealth LLC grew its position in shares of McDonald’s by 31,574.5% in the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after buying an additional 1,622,929 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded up $1.06 during trading hours on Friday, reaching $272.04. 1,845,225 shares of the company were exchanged, compared to its average volume of 3,229,511. The firm has a market cap of $196.14 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.97 and a beta of 0.71. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a 50 day simple moving average of $283.44 and a 200 day simple moving average of $280.62.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the business earned $2.59 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is currently 57.74%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Bank of America upped their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Truist Financial lowered their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, Barclays reduced their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s Company 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.