Tower Research Capital LLC TRC Sells 1,121 Shares of McDonald’s Co. (NYSE:MCD)

Tower Research Capital LLC TRC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 46,885 shares of the fast-food giant’s stock after selling 1,121 shares during the period. Tower Research Capital LLC TRC’s holdings in McDonald’s were worth $13,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Atala Financial Inc bought a new stake in shares of McDonald’s during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the fourth quarter worth about $27,000. Collier Financial acquired a new position in McDonald’s in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC increased its holdings in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $30,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

NYSE:MCD opened at $310.82 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The business has a fifty day simple moving average of $307.38 and a two-hundred day simple moving average of $299.32. The company has a market capitalization of $222.07 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s payout ratio is 62.16%.

Insiders Place Their Bets

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Truist Financial reduced 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. Citigroup lowered their price objective on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Bank of America boosted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $322.87.

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.