GTS Securities LLC Has $1.83 Million Holdings in McDonald’s Co. (NYSE:MCD)

GTS Securities LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 92.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,306 shares of the fast-food giant’s stock after selling 72,932 shares during the quarter. GTS Securities LLC’s holdings in McDonald’s were worth $1,828,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Atala Financial Inc bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $27,000. Collier Financial bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC increased its holdings in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. Piper Sandler upped their price target on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Truist Financial set a $350.00 price target on McDonald’s in a research report on Friday, May 2nd. Finally, KeyCorp increased their price target on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Price Performance

Shares of NYSE MCD opened at $314.65 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The business’s fifty day moving average price is $311.68 and its 200-day moving average price is $301.44. The stock has a market capitalization of $224.99 billion, a PE ratio of 27.63, a P/E/G ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now owns 13,978 shares of the company’s stock, valued at $4,263,290. This represents a 6.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $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 14,276 shares of company stock valued at $4,419,385 in the last 90 days. Insiders own 0.25% of the company’s stock.

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.