Weatherly Asset Management L. P. Sells 43 Shares of McDonald’s Co. (NYSE:MCD)

Weatherly Asset Management L. P. decreased its position in McDonald’s Co. (NYSE:MCD) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,340 shares of the fast-food giant’s stock after selling 43 shares during the period. Weatherly Asset Management L. P.’s holdings in McDonald’s were worth $1,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MCD. Blue Bell Private Wealth Management LLC increased its position in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC bought a new position in McDonald’s in the 4th quarter worth approximately $39,000. Bear Mountain Capital Inc. bought a new position in McDonald’s in the 4th quarter worth approximately $43,000. Finally, Mendota Financial Group LLC bought a new position in McDonald’s in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

NYSE MCD traded up $1.23 during trading hours on Tuesday, hitting $276.81. 3,275,408 shares of the company were exchanged, compared to its average volume of 3,243,950. The company has a 50 day moving average of $282.82 and a two-hundred day moving average of $281.24. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm has a market cap of $199.58 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.99 and a beta of 0.71.

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. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 EPS. On average, equities research analysts predict that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s payout ratio is 57.74%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCD. Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Barclays lowered their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Truist Financial lowered their target price on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Finally, Stephens reiterated an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $319.72.

About McDonald’s

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.