Atlanta Consulting Group Advisors LLC Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Atlanta Consulting Group Advisors LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,195 shares of the fast-food giant’s stock after selling 82 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in McDonald’s were worth $636,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s during the third quarter valued at approximately $25,000. Atala Financial Inc bought a new position in shares of McDonald’s during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s in the 4th quarter worth $27,000. Collier Financial bought a new stake in McDonald’s in the fourth quarter worth $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the third quarter valued at about $31,000. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Piper Sandler reduced their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. KeyCorp increased their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Wedbush increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

Shares of MCD stock opened at $300.00 on Monday. The company has a market cap of $214.34 billion, a price-to-earnings ratio of 26.34, a PEG 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 has a fifty day moving average price of $296.96 and a 200-day moving average price of $296.91.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. McDonald’s’s payout ratio is 62.16%.

Insider Activity at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 10,459 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the transaction, the executive vice president now owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. The trade was a 69.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction 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 approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by corporate insiders.

About McDonald’s

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.