Creekmur Asset Management LLC Sells 1,801 Shares of McDonald’s Co. (NYSE:MCD)

Creekmur Asset Management LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 58.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,263 shares of the fast-food giant’s stock after selling 1,801 shares during the period. Creekmur Asset Management LLC’s holdings in McDonald’s were worth $366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the third quarter worth $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s in the fourth quarter valued at $27,000. Collier Financial purchased a new stake in McDonald’s during the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC boosted its stake in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $313.57 on Wednesday. The company has a market capitalization of $224.03 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 3.10 and a beta of 0.71. The stock has a 50-day moving average of $302.77 and a 200 day moving average of $298.47. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, equities analysts predict that McDonald’s Co. will post 12.25 earnings per share 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 given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling

In other news, 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 transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,996 shares of company stock valued at $8,897,534. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BMO Capital Markets boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Piper Sandler cut their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Barclays lifted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Truist Financial reduced their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.