McDonald’s Co. (NYSE:MCD) Shares Sold by Centerstone Investors LLC

Centerstone Investors LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 27.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,963 shares of the fast-food giant’s stock after selling 2,292 shares during the quarter. McDonald’s comprises about 2.5% of Centerstone Investors LLC’s portfolio, making the stock its 16th biggest holding. Centerstone Investors LLC’s holdings in McDonald’s were worth $1,729,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacific Point Advisors LLC acquired a new position in shares of McDonald’s during the fourth quarter valued at $208,000. Hudson Value Partners LLC grew its position in McDonald’s by 8.0% in the 4th quarter. Hudson Value Partners LLC now owns 14,954 shares of the fast-food giant’s stock valued at $4,335,000 after buying an additional 1,102 shares in the last quarter. Vega Investment Solutions acquired a new position in McDonald’s during the 4th quarter valued at about $770,000. Breakthru Advisory Services LLC bought a new stake in shares of McDonald’s during the 4th quarter worth about $355,000. Finally, Sunbelt Securities Inc. raised its position in shares of McDonald’s by 7.3% during the 4th quarter. Sunbelt Securities Inc. now owns 10,227 shares of the fast-food giant’s stock worth $2,962,000 after buying an additional 696 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now owns 12,100 shares of the company’s stock, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,337 shares of company stock worth $4,123,534. 0.25% of the stock is owned by insiders.

McDonald’s Trading Down 0.7%

Shares of NYSE:MCD opened at $314.28 on Friday. The stock has a market capitalization of $224.72 billion, a PE ratio of 27.59, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a fifty day moving average price of $311.46 and a 200 day moving average price of $301.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.70 earnings per share. On average, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MCD. Barclays raised their price objective on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Piper Sandler boosted their price objective on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. KeyCorp raised their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Northcoast Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Finally, Wedbush raised their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Eleven research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $325.91.

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.