Goldstream Capital Management Ltd Sells 3,252 Shares of McDonald’s Co. (NYSE:MCD)

Goldstream Capital Management Ltd cut its stake in McDonald’s Co. (NYSE:MCD) by 59.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,182 shares of the fast-food giant’s stock after selling 3,252 shares during the quarter. McDonald’s accounts for 0.2% of Goldstream Capital Management Ltd’s holdings, making the stock its 20th biggest position. Goldstream Capital Management Ltd’s holdings in McDonald’s were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Atala Financial Inc acquired a new stake in McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter valued at $27,000. Collier Financial acquired a new stake in McDonald’s during the 4th quarter worth $29,000. Fairway Wealth LLC lifted its holdings in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald’s in the fourth quarter valued at about $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated 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 approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,497 shares of company stock worth $8,461,400. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $310.82 on Monday. The company has a fifty day moving average price of $307.38 and a two-hundred day moving average price of $299.29. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market cap of $222.07 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last issued 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%. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MCD shares. Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Wedbush lifted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Truist Financial lowered their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $322.87.

McDonald’s Company 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.