McDonald’s Co. (NYSE:MCD) Shares Sold by Spinnaker Trust

Spinnaker Trust decreased its position in McDonald’s Co. (NYSE:MCD) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,766 shares of the fast-food giant’s stock after selling 58 shares during the quarter. Spinnaker Trust’s holdings in McDonald’s were worth $3,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the 3rd quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the 4th quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at about $31,000. Finally, Hara Capital LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.5 %

NYSE MCD opened at $308.59 on Friday. The stock has a market cap of $221.14 billion, a PE ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The business has a 50 day moving average price of $291.78 and a two-hundred day moving average price of $292.20.

McDonald’s (NYSE:MCD) last released its quarterly 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 negative return on equity of 175.42% and a net margin of 31.79%. Sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Truist Financial dropped their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, KeyCorp upped their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday. Ten 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’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 in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is currently owned by insiders.

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.