Cyrus J. Lawrence LLC Has $906,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Cyrus J. Lawrence LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,126 shares of the fast-food giant’s stock after selling 139 shares during the quarter. Cyrus J. Lawrence LLC’s holdings in McDonald’s were worth $906,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MCD. Raymond James Financial Inc. acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $703,074,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after acquiring an additional 677,139 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of McDonald’s by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock worth $171,241,000 after acquiring an additional 589,359 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of McDonald’s by 518.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant’s stock worth $100,916,000 after acquiring an additional 291,802 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its holdings in shares of McDonald’s by 3,580.1% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after acquiring an additional 261,350 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 in the last ninety days. 0.23% of the stock is owned by insiders.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $305.07 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market cap of $217.96 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.10 and a beta of 0.71. The business has a fifty day simple moving average of $298.75 and a 200 day simple moving average of $297.38.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Piper Sandler decreased their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Finally, Wedbush upped their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $323.39.

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.