Morton Brown Family Wealth LLC Has $278,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Morton Brown Family Wealth LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 21.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 958 shares of the fast-food giant’s stock after selling 269 shares during the period. Morton Brown Family Wealth LLC’s holdings in McDonald’s were worth $278,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. New Century Financial Group LLC bought a new position in McDonald’s in the 3rd quarter valued at about $443,000. Allspring Global Investments Holdings LLC increased its stake in shares of McDonald’s by 21.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 140,807 shares of the fast-food giant’s stock worth $42,877,000 after purchasing an additional 24,787 shares during the period. Penn Davis Mcfarland Inc. acquired a new stake in McDonald’s during the 3rd quarter worth approximately $6,472,000. Trilogy Capital Inc. boosted its stake in McDonald’s by 11.0% in the 3rd quarter. Trilogy Capital Inc. now owns 1,804 shares of the fast-food giant’s stock valued at $549,000 after purchasing an additional 179 shares during the period. Finally, Benin Management CORP lifted its holdings in shares of McDonald’s by 3.3% during the third quarter. Benin Management CORP now owns 2,944 shares of the fast-food giant’s stock worth $896,000 after buying an additional 94 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction 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 represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,906 shares of company stock valued at $5,406,382 in the last three months. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCD. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Piper Sandler lowered their target price on shares of 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 boosted their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp increased their target price on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Down 0.5 %

Shares of NYSE:MCD opened at $308.59 on Tuesday. The firm has a market capitalization of $221.14 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74. The stock’s 50 day moving average is $291.98 and its 200-day moving average is $292.90. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

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 31.79% and a negative return on equity of 175.42%. Equities research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend 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 (DPR) is presently 62.16%.

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.