Reynders McVeigh Capital Management LLC Sells 81 Shares of McDonald’s Co. (NYSE:MCD)

Reynders McVeigh Capital Management LLC cut its position in McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,477 shares of the fast-food giant’s stock after selling 81 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in McDonald’s were worth $3,617,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of McDonald’s by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after acquiring an additional 526,466 shares during the period. Geode Capital Management LLC grew its stake in McDonald’s by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after buying an additional 157,458 shares in the last quarter. Norges Bank bought a new position in McDonald’s in the 4th quarter valued at about $2,725,190,000. Bank of New York Mellon Corp raised its position in shares of McDonald’s by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock valued at $1,682,473,000 after buying an additional 52,195 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of McDonald’s by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock worth $1,650,692,000 after acquiring an additional 129,843 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $304.60, for a total transaction of $334,755.40. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Citigroup dropped their price objective on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Robert W. Baird decreased their target price on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $322.87.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $309.84 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company’s 50 day moving average price is $306.10 and its 200-day moving average price is $299.04. The company has a market capitalization of $221.37 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

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

McDonald’s Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald’s’s dividend payout ratio is currently 62.16%.

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.