McDonald’s Co. (NYSE:MCD) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,232 shares of the fast-food giant’s stock after selling 649 shares during the period. Independent Advisor Alliance’s holdings in McDonald’s were worth $21,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter worth $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the fourth quarter worth $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter worth $31,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter worth $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MCD shares. Robert W. Baird increased their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. BMO Capital Markets upped their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup upped their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Truist Financial decreased their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

Shares of MCD opened at $321.52 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $323.17. The company has a 50-day moving average of $295.69 and a two-hundred day moving average of $296.37. The stock has a market cap of $229.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the sale, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by corporate insiders.

About McDonald’s

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.