GLOBALT Investments LLC GA Reduces Position in McDonald’s Co. (NYSE:MCD)

GLOBALT Investments LLC GA lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 10,630 shares of the fast-food giant’s stock after selling 194 shares during the quarter. GLOBALT Investments LLC GA’s holdings in McDonald’s were worth $3,082,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter valued at about $25,000. Atala Financial Inc purchased a new stake in McDonald’s during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter valued at about $27,000. Collier Financial purchased a new stake in McDonald’s during the 4th quarter valued at about $29,000. Finally, Fairway Wealth LLC grew its stake in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The shares were 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 in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 in the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.8 %

Shares of MCD opened at $300.00 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm’s fifty day simple moving average is $296.96 and its 200-day simple moving average is $296.91. The firm has a market capitalization of $214.34 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MCD. BMO Capital Markets increased their price target 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. Piper Sandler dropped their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target 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. KeyCorp increased their price target 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. Finally, Morgan Stanley increased their price target on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Company 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.