McDonald’s Co. (NYSE:MCD) Shares Sold by Peoples Bank OH

Peoples Bank OH decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 22.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,624 shares of the fast-food giant’s stock after selling 779 shares during the quarter. Peoples Bank OH’s holdings in McDonald’s were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cordatus Wealth Management LLC lifted its holdings in McDonald’s by 4.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 12,075 shares of the fast-food giant’s stock valued at $3,500,000 after acquiring an additional 503 shares during the period. Centricity Wealth Management LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $177,000. Waterfront Wealth Inc. lifted its holdings in McDonald’s by 1.9% in the fourth quarter. Waterfront Wealth Inc. now owns 5,599 shares of the fast-food giant’s stock valued at $1,623,000 after acquiring an additional 105 shares during the period. Financial Harvest LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $212,000. Finally, Nicholson Wealth Management Group LLC lifted its holdings in McDonald’s by 65.1% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 6,391 shares of the fast-food giant’s stock valued at $1,853,000 after acquiring an additional 2,520 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,106 shares of company stock valued at $6,368,814 in the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $302.89 on Friday. The stock’s fifty day moving average is $292.45 and its two-hundred day moving average is $293.51. The firm has a market capitalization of $217.06 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Ratings Changes

A number of research analysts have issued reports on MCD shares. BMO Capital Markets boosted their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Loop Capital restated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. TD Securities restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Finally, Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Profile

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.