McDonald’s Co. (NYSE:MCD) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,819 shares of the fast-food giant’s stock after selling 1,750 shares during the period. Transcend Capital Advisors LLC’s holdings in McDonald’s were worth $4,006,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the fourth quarter valued at about $27,000. Collier Financial acquired a new stake in shares of McDonald’s during the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the third quarter valued at about $31,000. Finally, Hara Capital LLC acquired a new stake in shares of McDonald’s during the third quarter valued at about $44,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.3 %

MCD opened at $302.89 on Friday. The business’s 50 day moving average is $292.45 and its 200-day moving average is $293.51. The stock has a market cap of $217.06 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.09 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 posted its quarterly earnings data 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 forecast 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. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is presently 62.16%.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Truist Financial decreased their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets lifted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Barclays lifted their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, KeyCorp lifted their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,106 shares of company stock worth $6,368,814 over the last quarter. 0.23% of the stock is currently owned by company 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.