McDonald’s Co. (NYSE:MCD) Stock Holdings Reduced by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its position in shares of McDonald’s Co. (NYSE:MCD) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,873 shares of the fast-food giant’s stock after selling 335 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in McDonald’s were worth $1,741,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MCD. Vanguard Group Inc. grew its position in McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after acquiring an additional 262,147 shares in the last quarter. Northern Trust Corp boosted its holdings in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after purchasing an additional 151,161 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in McDonald’s by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock worth $1,401,570,000 after buying an additional 237,532 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in McDonald’s by 4.5% during the third quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock valued at $1,209,171,000 after buying an additional 199,657 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of McDonald’s by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after buying an additional 26,147 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of McDonald’s stock traded down $2.96 during midday trading on Friday, hitting $270.32. 2,642,344 shares of the company were exchanged, compared to its average volume of 3,812,742. The firm has a 50 day simple moving average of $279.53 and a 200-day simple moving average of $282.35. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm has a market cap of $194.90 billion, a P/E ratio of 22.95, a PEG ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the business posted $2.63 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Robert W. Baird reduced their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial lowered their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, KeyCorp lowered their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.