Bray Capital Advisors Trims Stock Position in McDonald’s Co. (NYSE:MCD)

Bray Capital Advisors lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 18.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,875 shares of the fast-food giant’s stock after selling 1,993 shares during the period. Bray Capital Advisors’ holdings in McDonald’s were worth $2,573,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kennebec Savings Bank purchased a new position in McDonald’s during the third quarter valued at approximately $1,394,000. YANKCOM Partnership purchased a new position in McDonald’s during the fourth quarter valued at approximately $1,628,000. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $2,471,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MCD shares. Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. BMO Capital Markets boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, Truist Financial cut their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Up 0.3 %

NYSE:MCD opened at $302.89 on Friday. The company has a fifty day moving average of $292.45 and a 200 day moving average of $293.51. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $217.06 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.09 and a beta of 0.74.

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, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,106 shares of company stock valued at $6,368,814. 0.23% of the stock is currently owned by company insiders.

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.