Phocas Financial Corp. Sells 254 Shares of McDonald’s Co. (NYSE:MCD)

Phocas Financial Corp. decreased its holdings in shares of McDonald’s Co. (NYSE:MCD – Get Rating) by 19.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,020 shares of the fast-food giant’s stock after selling 254 shares during the period. Phocas Financial Corp.’s holdings in McDonald’s were worth $269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in shares of McDonald’s by 1,189.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after buying an additional 2,021,754 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of McDonald’s by 77.8% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,849,583 shares of the fast-food giant’s stock valued at $950,418,000 after buying an additional 1,684,960 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of McDonald’s by 16.3% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock valued at $1,816,219,000 after buying an additional 1,105,231 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of McDonald’s by 44.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,531,400 shares of the fast-food giant’s stock valued at $625,965,000 after buying an additional 776,419 shares in the last quarter. Finally, Barclays PLC increased its position in shares of McDonald’s by 48.4% in the 3rd quarter. Barclays PLC now owns 1,879,173 shares of the fast-food giant’s stock valued at $433,603,000 after buying an additional 612,854 shares in the last quarter. Institutional investors own 66.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of McDonald’s from $296.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Credit Suisse Group upped their target price on shares of McDonald’s from $298.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Tigress Financial upped their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Truist Financial reduced their target price on shares of McDonald’s from $300.00 to $292.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $250.00 to $262.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.80.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $267.20 on Friday. McDonald’s Co. has a 52-week low of $228.34 and a 52-week high of $281.67. The company has a market capitalization of $195.46 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.19 and a beta of 0.62. The company has a 50-day simple moving average of $267.15 and a 200 day simple moving average of $262.91.

McDonald’s (NYSE:MCD – Get Rating) last issued its earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.13. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same period last year, the business posted $2.23 EPS. McDonald’s’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 10.51 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were paid a $1.52 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $6.08 annualized dividend and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is currently 72.81%.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 1,396 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $265.44, for a total value of $370,554.24. Following the completion of the sale, the executive vice president now directly owns 308 shares in the company, valued at approximately $81,755.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, SVP Catherine A. Hoovel sold 2,876 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $270.00, for a total value of $776,520.00. Following the transaction, the senior vice president now directly owns 1,184 shares of the company’s stock, valued at approximately $319,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,396 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $265.44, for a total transaction of $370,554.24. Following the completion of the transaction, the executive vice president now directly owns 308 shares in the company, valued at $81,755.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,122 shares of company stock worth $2,177,681. Insiders own 0.25% of the company’s stock.

About McDonald’s

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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, Russia, Spain, and the U.K.