Inceptionr LLC Sells 951 Shares of McDonald’s Co. (NYSE:MCD)

Inceptionr LLC cut its position in McDonald’s Co. (NYSE:MCD) by 16.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,775 shares of the fast-food giant’s stock after selling 951 shares during the period. Inceptionr LLC’s holdings in McDonald’s were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of McDonald’s during the 4th quarter valued at $703,074,000. Vision Financial Markets LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $914,000. Cullen Frost Bankers Inc. raised its stake in shares of McDonald’s by 3.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 90,777 shares of the fast-food giant’s stock valued at $26,315,000 after purchasing an additional 3,069 shares during the period. Arizona State Retirement System raised its stake in shares of McDonald’s by 0.7% during the 4th quarter. Arizona State Retirement System now owns 208,034 shares of the fast-food giant’s stock valued at $60,307,000 after purchasing an additional 1,397 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of McDonald’s by 3.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 12,280 shares of the fast-food giant’s stock valued at $3,560,000 after purchasing an additional 385 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Bank of America upped their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler decreased their target price 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. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

Shares of MCD stock opened at $307.58 on Thursday. The stock has a market capitalization of $219.75 billion, a PE ratio of 27.00, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50-day moving average of $294.82 and a 200 day moving average of $295.91.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

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.