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

Ieq Capital LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,148 shares of the fast-food giant’s stock after selling 1,940 shares during the period. Ieq Capital LLC’s holdings in McDonald’s were worth $10,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Coston McIsaac & Partners lifted its holdings in McDonald’s by 2.2% in the third quarter. Coston McIsaac & Partners now owns 23,878 shares of the fast-food giant’s stock valued at $7,270,000 after acquiring an additional 519 shares during the period. Sterling Investment Counsel LLC increased its holdings in shares of McDonald’s by 5.5% during the 3rd quarter. Sterling Investment Counsel LLC now owns 4,213 shares of the fast-food giant’s stock valued at $1,283,000 after purchasing an additional 221 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of McDonald’s by 24.6% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 329 shares of the fast-food giant’s stock valued at $100,000 after purchasing an additional 65 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the period. Finally, Courier Capital LLC boosted its holdings in McDonald’s by 7.9% during the third quarter. Courier Capital LLC now owns 11,932 shares of the fast-food giant’s stock worth $3,634,000 after buying an additional 878 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,106 shares of company stock valued at $6,368,814. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Piper Sandler cut their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp boosted their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Citigroup upped their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

MCD opened at $302.89 on Friday. The firm has a market capitalization of $217.06 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.12 and a beta of 0.74. The company’s 50 day simple moving average is $292.45 and its two-hundred day simple moving average is $293.51. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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%. On average, equities analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. McDonald’s’s payout ratio is 62.16%.

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.