Retirement Systems of Alabama Sells 4,923 Shares of McDonald’s Co. (NYSE:MCD)

Retirement Systems of Alabama cut its stake in McDonald’s Co. (NYSE:MCD) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,758 shares of the fast-food giant’s stock after selling 4,923 shares during the quarter. Retirement Systems of Alabama owned 0.05% of McDonald’s worth $114,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Roffman Miller Associates Inc. PA grew its stake in shares of McDonald’s by 1.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after acquiring an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC grew its stake in shares of McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares during the period. Beaumont Financial Advisors LLC grew its stake in shares of McDonald’s by 0.6% in the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after acquiring an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares during the period. Finally, Mengis Capital Management Inc. boosted its holdings in shares of McDonald’s by 7.9% in the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after buying an additional 331 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.9 %

MCD traded down $2.51 during trading hours on Friday, hitting $273.09. The company’s stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. The business’s 50-day moving average price is $281.68 and its 200-day moving average price is $281.74. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market cap of $196.90 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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 company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the business posted $2.59 earnings per share. McDonald’s’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCD. Truist Financial dropped their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Citigroup dropped their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Wedbush dropped their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Finally, StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $318.41.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated 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 owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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.