McDonald’s Co. (NYSE:MCD) Shares Sold by Virtu Financial LLC

Virtu Financial LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 82.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 935 shares of the fast-food giant’s stock after selling 4,474 shares during the period. Virtu Financial LLC’s holdings in McDonald’s were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of MCD. Boltwood Capital Management increased its holdings in McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the period. Pettee Investors Inc. increased its stake in shares of McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after buying an additional 35 shares during the period. Modus Advisors LLC raised its holdings in McDonald’s by 0.4% in the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after acquiring an additional 36 shares in the last quarter. Independent Wealth Network Inc. lifted its stake in McDonald’s by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after acquiring an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC increased its position in shares of McDonald’s by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’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 completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s 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 directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

NYSE:MCD opened at $306.95 on Friday. The firm has a market cap of $219.31 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm’s fifty day moving average price is $301.52 and its 200 day moving average price is $298.10.

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 net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Ratings Changes

Several research firms have recently issued reports on MCD. Morgan Stanley decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. KeyCorp increased their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday. 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. Finally, BMO Capital Markets increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s 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.