McDonald’s Co. (NYSE:MCD) Shares Sold by Sather Financial Group Inc

Sather Financial Group Inc lowered its stake in McDonald’s Co. (NYSE:MCD) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,085 shares of the fast-food giant’s stock after selling 137 shares during the period. Sather Financial Group Inc’s holdings in McDonald’s were worth $314,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Exchange Traded Concepts LLC boosted its holdings in McDonald’s by 1.7% during the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock worth $765,000 after buying an additional 42 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of McDonald’s in the 3rd quarter worth approximately $1,472,000. VitalStone Financial LLC increased its stake in McDonald’s by 148.8% in the 3rd quarter. VitalStone Financial LLC now owns 311 shares of the fast-food giant’s stock valued at $95,000 after purchasing an additional 186 shares in the last quarter. CX Institutional raised its holdings in McDonald’s by 65.8% during the third quarter. CX Institutional now owns 27,040 shares of the fast-food giant’s stock worth $8,234,000 after purchasing an additional 10,733 shares during the last quarter. Finally, Creative Planning increased its position in McDonald’s by 1.4% during the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after buying an additional 4,480 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.6 %

MCD stock opened at $310.16 on Wednesday. The firm has a 50 day simple moving average of $291.02 and a 200-day simple moving average of $291.56. The company has a market capitalization of $222.27 billion, a P/E ratio of 27.23, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

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 analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, research analysts predict that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MCD. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Citigroup boosted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s 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, Russia, Spain, and the U.K.