Van Lanschot Kempen Investment Management N.V. Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Van Lanschot Kempen Investment Management N.V. lowered its position in McDonald’s Co. (NYSE:MCD) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,582 shares of the fast-food giant’s stock after selling 1,473 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in McDonald’s were worth $12,344,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wealth Dimensions Group Ltd. grew its holdings in McDonald’s by 3.1% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 4,020 shares of the fast-food giant’s stock worth $1,165,000 after purchasing an additional 120 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in McDonald’s by 2.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349,701 shares of the fast-food giant’s stock worth $101,375,000 after buying an additional 7,488 shares during the last quarter. Transce3nd LLC acquired a new position in McDonald’s during the 4th quarter valued at about $239,000. Trajan Wealth LLC raised its stake in McDonald’s by 11.1% in the fourth quarter. Trajan Wealth LLC now owns 14,077 shares of the fast-food giant’s stock valued at $4,081,000 after buying an additional 1,406 shares during the last quarter. Finally, Landing Point Financial Group LLC acquired a new stake in McDonald’s in the fourth quarter worth about $217,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Wedbush increased their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. KeyCorp lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Robert W. Baird cut their target price on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Piper Sandler reduced their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Barclays boosted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Nine 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.87.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now 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. Over the last ninety days, insiders sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

NYSE MCD opened at $309.25 on Tuesday. The company has a market cap of $220.95 billion, a P/E ratio of 27.15, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a 50-day moving average of $307.41 and a two-hundred day moving average of $299.33.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

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.