Indie Asset Partners LLC Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Indie Asset Partners LLC trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,627 shares of the fast-food giant’s stock after selling 246 shares during the quarter. McDonald’s makes up approximately 0.6% of Indie Asset Partners LLC’s investment portfolio, making the stock its 27th largest position. Indie Asset Partners LLC’s holdings in McDonald’s were worth $762,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mattern Capital Management LLC lifted its position in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares in the last quarter. Kennebec Savings Bank purchased a new position in McDonald’s in the 3rd quarter valued at $1,394,000. YANKCOM Partnership acquired a new stake in McDonald’s during the 4th quarter worth $1,628,000. Charles Schwab Investment Management Inc. grew its holdings in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares in the last quarter. Finally, PFW Advisors LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $2,471,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $304.76 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market cap of $218.40 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. The business has a fifty day moving average of $292.61 and a two-hundred day moving average of $293.76.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Citigroup lifted their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Bank of America upped their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Piper Sandler reduced their target price on shares of 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, Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction 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 trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the transaction, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,205 shares of company stock worth $6,703,569. 0.23% of the stock is owned by corporate insiders.

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, Spain, and the U.K.