Quadrant Capital Group LLC Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Quadrant Capital Group LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,744 shares of the fast-food giant’s stock after selling 108 shares during the period. Quadrant Capital Group LLC’s holdings in McDonald’s were worth $2,825,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter worth approximately $25,000. Atala Financial Inc acquired a new stake in shares of McDonald’s in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s in the fourth quarter valued at $27,000. Collier Financial acquired a new position in McDonald’s during the 4th quarter worth $29,000. Finally, Fairway Wealth LLC increased its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 5.8 %

Shares of MCD stock opened at $299.68 on Friday. The company has a market capitalization of $214.11 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The business’s 50 day moving average is $304.34 and its two-hundred day moving average is $298.75. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,099 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $475,176. This trade represents a 41.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Morgan Stanley lowered their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Truist Financial reduced their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Wedbush boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Citigroup cut their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $323.30.

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.