McDonald’s Co. (NYSE:MCD) Stock Position Trimmed by Hoertkorn Richard Charles

Hoertkorn Richard Charles trimmed its position in McDonald’s Co. (NYSE:MCD) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,224 shares of the fast-food giant’s stock after selling 1,125 shares during the quarter. McDonald’s comprises approximately 1.5% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 20th biggest holding. Hoertkorn Richard Charles’ holdings in McDonald’s were worth $3,544,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $25,000. Atala Financial Inc acquired a new position in shares of McDonald’s in the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the fourth quarter valued at $27,000. Collier Financial purchased a new position in McDonald’s in the 4th quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the third quarter valued at about $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the 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 in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated 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 $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,405 shares of company stock valued at $9,886,656 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

MCD opened at $312.87 on Friday. The company’s 50 day simple moving average is $301.00 and its 200-day simple moving average is $297.99. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market capitalization of $223.53 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCD shares. Citigroup boosted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Piper Sandler lowered their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Truist Financial reduced their price target 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. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

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.