Simmons Bank Sells 402 Shares of McDonald’s Co. (NYSE:MCD)

Simmons Bank decreased its position in McDonald’s Co. (NYSE:MCD) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,241 shares of the fast-food giant’s stock after selling 402 shares during the period. Simmons Bank’s holdings in McDonald’s were worth $2,679,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the 4th quarter worth about $27,000. Collier Financial bought a new position in McDonald’s in the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s in the 3rd quarter worth about $31,000. Finally, Marshall Investment Management LLC bought a new position in McDonald’s during the 4th quarter valued at about $37,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 2.2 %

Shares of MCD opened at $304.02 on Thursday. The company has a market cap of $217.87 billion, a PE ratio of 26.69, a P/E/G ratio of 3.10 and a beta of 0.74. The business has a fifty day moving average of $293.36 and a 200 day moving average of $294.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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 given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MCD shares. Citigroup upped their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. KeyCorp upped their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America upped their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Ten investment 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,099 shares of McDonald’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares of the company’s stock, valued at $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,504 shares of company stock worth $9,897,305. 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.