McDonald’s Co. (NYSE:MCD) Shares Sold by Unigestion Holding SA

Unigestion Holding SA lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 95,242 shares of the fast-food giant’s stock after selling 31,129 shares during the quarter. McDonald’s comprises approximately 1.6% of Unigestion Holding SA’s holdings, making the stock its 22nd largest position. Unigestion Holding SA’s holdings in McDonald’s were worth $27,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in shares of McDonald’s during the fourth quarter valued at about $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald’s during the 4th quarter worth about $703,074,000. Franklin Resources Inc. lifted its stake in shares of McDonald’s by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after acquiring an additional 794,536 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of McDonald’s by 43,591.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after acquiring an additional 589,359 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of McDonald’s by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after acquiring an additional 526,466 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst 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. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Bank of America upped their price target 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. Barclays lifted their price objective on shares of 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 increased their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.30.

McDonald’s Price Performance

Shares of NYSE MCD opened at $299.68 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The business’s 50-day moving average price is $304.34 and its two-hundred day moving average price is $298.75. The company has a market capitalization of $214.11 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio is currently 62.16%.

About McDonald’s

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.