McDonald’s Co. (NYSE:MCD) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,744 shares of the fast-food giant’s stock after selling 113 shares during the quarter. Signet Financial Management LLC’s holdings in McDonald’s were worth $2,000,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its holdings in shares of McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after buying an additional 19,217,818 shares during the last quarter. Norges Bank acquired a new stake in shares of McDonald’s during the 4th quarter valued at approximately $2,341,360,000. International Assets Investment Management LLC lifted its position in shares of McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after acquiring an additional 2,154,297 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after acquiring an additional 2,021,754 shares during the period. Finally, Imprint Wealth LLC lifted its position in shares of McDonald’s by 31,574.5% during the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after acquiring an additional 1,622,929 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.2 %

NYSE:MCD traded down $0.40 during mid-day trading on Tuesday, hitting $265.83. The company had a trading volume of 1,503,658 shares, compared to its average volume of 3,225,149. The business has a fifty day simple moving average of $284.60 and a 200-day simple moving average of $280.75. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The firm has a market capitalization of $191.67 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.89 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 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $2.59 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 12.35 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.51%. McDonald’s’s dividend payout ratio is presently 57.74%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Stephens restated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Robert W. Baird restated an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a research report on Tuesday, February 6th. Truist Financial cut their price objective 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, StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, McDonald’s 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.