Gould Asset Management LLC CA Reduces Position in McDonald’s Co. (NYSE:MCD)

Gould Asset Management LLC CA decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,050 shares of the fast-food giant’s stock after selling 160 shares during the quarter. Gould Asset Management LLC CA’s holdings in McDonald’s were worth $904,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC increased its position in McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of McDonald’s in the third quarter valued at $33,000. Keener Financial Planning LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at $39,000. Bear Mountain Capital Inc. purchased a new stake in shares of McDonald’s in the fourth quarter valued at $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $45,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MCD. Truist Financial lowered 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. Morgan Stanley lowered their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Barclays lowered their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. UBS Group lowered their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Royal Bank of Canada lowered their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Trading Down 0.4 %

McDonald’s stock traded down $1.15 during midday trading on Thursday, hitting $275.60. The stock had a trading volume of 4,175,333 shares, compared to its average volume of 3,266,706. The stock has a market cap of $198.71 billion, a P/E ratio of 23.82, a P/E/G ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The business has a fifty day moving average price of $282.06 and a 200 day moving average price of $281.37.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during 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%. McDonald’s’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 earnings per share. On average, equities analysts anticipate that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company Profile

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.