Balboa Wealth Partners Sells 94 Shares of McDonald’s Co. (NYSE:MCD)

Balboa Wealth Partners lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,576 shares of the fast-food giant’s stock after selling 94 shares during the quarter. Balboa Wealth Partners’ holdings in McDonald’s were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Geode Capital Management LLC lifted its position in shares of McDonald’s by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP increased its stake in McDonald’s by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after buying an additional 128,800 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of McDonald’s by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock worth $1,682,473,000 after buying an additional 52,195 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of McDonald’s by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock worth $1,650,692,000 after buying an additional 129,843 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of McDonald’s by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock worth $841,966,000 after buying an additional 19,867 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Down 2.4 %

Shares of MCD opened at $299.40 on Thursday. The business’s 50-day moving average price is $296.76 and its 200-day moving average price is $296.70. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $213.91 billion, a PE ratio of 26.29, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm 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. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Robert W. Baird lifted their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Wedbush increased their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Barclays raised their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.