Moloney Securities Asset Management LLC Sells 162 Shares of McDonald’s Co. (NYSE:MCD)

Moloney Securities Asset Management LLC lessened its holdings in McDonald’s Co. (NYSE:MCD) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,449 shares of the fast-food giant’s stock after selling 162 shares during the period. Moloney Securities Asset Management LLC’s holdings in McDonald’s were worth $3,899,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new stake in McDonald’s in the third quarter valued at $1,394,000. YANKCOM Partnership bought a new position in shares of McDonald’s during the fourth quarter worth about $1,628,000. Charles Schwab Investment Management Inc. lifted its stake in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC bought a new position in McDonald’s during the 4th quarter worth approximately $2,471,000. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Piper Sandler cut their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lifted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $318.86.

McDonald’s Stock Performance

NYSE:MCD opened at $294.39 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a 50-day moving average price of $290.70 and a two-hundred day moving average price of $290.64. The firm has a market cap of $210.97 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s Announces Dividend

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

Insiders Place Their Bets

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

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, Russia, Spain, and the U.K.