McDonald’s Co. (NYSE:MCD) Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its stake in McDonald’s Co. (NYSE:MCD) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 405,445 shares of the fast-food giant’s stock after selling 11,030 shares during the period. McDonald’s makes up approximately 2.0% of Mondrian Investment Partners LTD’s portfolio, making the stock its 26th biggest holding. Mondrian Investment Partners LTD owned about 0.06% of McDonald’s worth $117,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC boosted its stake in shares of McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MCD shares. JPMorgan Chase & Co. lifted their price target on 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 restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Truist Financial decreased their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. KeyCorp lifted their price target on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets boosted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Trading Down 0.7 %

McDonald’s stock opened at $297.45 on Friday. The firm has a market capitalization of $212.52 billion, a P/E ratio of 26.11, a PEG ratio of 3.10 and a beta of 0.71. The stock has a fifty day moving average price of $296.86 and a 200 day moving average price of $296.71. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting 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 analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald’s’s payout ratio is currently 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, 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 transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is currently owned by insiders.

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.