First Financial Bankshares Inc Reduces Holdings in McDonald’s Co. (NYSE:MCD)

First Financial Bankshares Inc lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 312,933 shares of the fast-food giant’s stock after selling 1,028 shares during the quarter. McDonald’s comprises about 2.0% of First Financial Bankshares Inc’s holdings, making the stock its 11th largest position. First Financial Bankshares Inc’s holdings in McDonald’s were worth $90,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the third quarter worth about $25,000. Atala Financial Inc acquired a new stake in McDonald’s in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s in the fourth quarter valued at about $27,000. Collier Financial acquired a new stake in McDonald’s in the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction 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 owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, 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. In the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $303.60 on Wednesday. The stock has a market capitalization of $216.91 billion, a P/E ratio of 26.66, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company has a 50 day moving average price of $297.49 and a two-hundred day moving average price of $297.13.

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

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

MCD has been the subject of a number of recent analyst reports. Loop Capital restated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Piper Sandler reduced their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.39.

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.