Seamount Financial Group Inc. Reduces Position in McDonald’s Co. (NYSE:MCD)

Seamount Financial Group Inc. trimmed its position in McDonald’s Co. (NYSE:MCD) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,293 shares of the fast-food giant’s stock after selling 75 shares during the quarter. Seamount Financial Group Inc.’s holdings in McDonald’s were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $44,000. Financial Life Planners purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $49,000. Finally, Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the third quarter valued at approximately $58,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock valued at $2,150,857 over the last three months. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MCD shares. Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley lowered their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Piper Sandler lowered their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $318.86.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $294.39 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock’s fifty day moving average price is $290.73 and its 200-day moving average price is $290.40. The company has a market cap of $210.97 billion, a P/E ratio of 25.85, a PEG ratio of 3.83 and a beta of 0.74.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

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.