Davis R M Inc. Has $3.64 Million Position in McDonald’s Co. (NYSE:MCD)

Davis R M Inc. lowered its holdings in McDonald’s Co. (NYSE:MCD) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,547 shares of the fast-food giant’s stock after selling 869 shares during the quarter. Davis R M Inc.’s holdings in McDonald’s were worth $3,637,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. United Bank boosted its stake in McDonald’s by 3.5% in the third quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after purchasing an additional 218 shares in the last quarter. Assetmark Inc. lifted its stake in shares of McDonald’s by 28.1% during the third quarter. Assetmark Inc. now owns 54,070 shares of the fast-food giant’s stock valued at $16,465,000 after acquiring an additional 11,867 shares during the period. Ashton Thomas Securities LLC lifted its stake in shares of McDonald’s by 51.5% during the third quarter. Ashton Thomas Securities LLC now owns 1,289 shares of the fast-food giant’s stock valued at $393,000 after acquiring an additional 438 shares during the period. New Jersey Better Educational Savings Trust acquired a new position in shares of McDonald’s during the third quarter valued at $217,000. Finally, Kennebec Savings Bank acquired a new position in shares of McDonald’s during the third quarter valued at $1,394,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

NYSE:MCD opened at $316.94 on Tuesday. The company has a market cap of $226.44 billion, a PE ratio of 27.83, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a 50-day simple moving average of $296.24 and a 200 day simple moving average of $296.56.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. McDonald’s’s payout ratio is presently 62.16%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial cut their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Barclays upped their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Citigroup upped their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley upped their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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.