McDonald’s Co. (NYSE:MCD) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,310 shares of the fast-food giant’s stock after selling 490 shares during the period. McDonald’s makes up 1.0% of K.J. Harrison & Partners Inc’s holdings, making the stock its 28th largest position. K.J. Harrison & Partners Inc’s holdings in McDonald’s were worth $5,726,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC grew its holdings 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 acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the third quarter valued at approximately $33,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Bear Mountain Capital Inc. purchased a new position in shares of McDonald’s in the fourth quarter valued at approximately $43,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $45,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were 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 owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were 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 approximately $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MCD shares. Truist Financial cut their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Stifel Nicolaus reduced their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Wedbush dropped their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday. TD Cowen reissued a “buy” rating and set a $325.00 price target on shares of McDonald’s in a research note on Wednesday, April 10th. Finally, Citigroup reduced their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $318.69.

McDonald’s Trading Down 0.9 %

NYSE:MCD traded down $2.48 during mid-day trading on Friday, hitting $273.12. The company’s stock had a trading volume of 3,636,002 shares, compared to its average volume of 3,270,924. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a market capitalization of $196.92 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 3.02 and a beta of 0.71. The stock has a fifty day moving average of $281.68 and a 200-day moving average of $281.53.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the firm earned $2.59 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared 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 2.45%. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

McDonald’s 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.