Morton Brown Family Wealth LLC Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Morton Brown Family Wealth LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 21.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 958 shares of the fast-food giant’s stock after selling 269 shares during the quarter. Morton Brown Family Wealth LLC’s holdings in McDonald’s were worth $278,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter worth about $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the fourth quarter worth $27,000. Collier Financial bought a new position in McDonald’s in the fourth quarter worth $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the third quarter valued at $31,000. Finally, Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at $44,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.5 %

Shares of NYSE MCD opened at $308.59 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a fifty day simple moving average of $291.98 and a two-hundred day simple moving average of $292.90. The firm has a market cap of $221.14 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.29%. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MCD shares. Truist Financial lowered 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 report on Tuesday, February 11th. Barclays raised their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Piper Sandler cut their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Morgan Stanley boosted their price objective on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction 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 transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,906 shares of company stock worth $5,406,382 over the last three months. 0.23% of the stock is currently owned by corporate 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.