McDonald’s Co. (NYSE:MCD) Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,333 shares of the fast-food giant’s stock after selling 670 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in McDonald’s were worth $3,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mattern Capital Management LLC raised its stake in McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank raised its stake in McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new stake in McDonald’s during the 4th quarter worth $1,628,000. Integral Investment Advisors Inc. raised its stake in McDonald’s by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after acquiring an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new stake in McDonald’s during the 4th quarter worth $2,471,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.6 %

MCD stock opened at $305.07 on Monday. The company has a market cap of $217.96 billion, a P/E ratio of 26.78, a P/E/G 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 company’s 50-day moving average price is $298.75 and its 200 day moving average price is $297.53.

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

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Ratings Changes

A number of research analysts have commented on MCD shares. Piper Sandler dropped their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. KeyCorp lifted their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. BMO Capital Markets lifted their price objective 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. Finally, TD Securities restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $323.39.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock valued at $9,886,656 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.