McDonald’s Co. (NYSE:MCD) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 7,551 shares of the fast-food giant’s stock after selling 128 shares during the quarter. McDonald’s comprises approximately 1.2% of Lindenwold Advisors INC’s portfolio, making the stock its 25th biggest holding. Lindenwold Advisors INC’s holdings in McDonald’s were worth $2,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boltwood Capital Management increased its stake in McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the period. Pettee Investors Inc. increased its stake in shares of McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after buying an additional 35 shares during the period. Modus Advisors LLC increased its stake in shares of McDonald’s by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after buying an additional 36 shares during the period. Independent Wealth Network Inc. increased its stake in shares of McDonald’s by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after buying an additional 36 shares during the period. Finally, Blue Barn Wealth LLC increased its stake in shares of McDonald’s by 4.3% during the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.1 %

Shares of MCD stock opened at $303.60 on Wednesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market cap of $216.91 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.10 and a beta of 0.71. The business has a fifty day simple moving average of $297.49 and a 200-day simple moving average of $297.13.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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 negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

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

Insider Activity at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated 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 directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock valued at $10,206,575 over the last quarter. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Bank of America upped their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Morgan Stanley cut their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday. Piper Sandler decreased their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, KeyCorp increased their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.