Rooted Wealth Advisors Inc. Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Rooted Wealth Advisors Inc. trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,751 shares of the fast-food giant’s stock after selling 152 shares during the period. Rooted Wealth Advisors Inc.’s holdings in McDonald’s were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MCD. Exchange Traded Concepts LLC boosted its stake in McDonald’s by 1.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock worth $765,000 after purchasing an additional 42 shares during the period. Creative Planning raised its position in shares of McDonald’s by 1.4% during the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock valued at $100,311,000 after buying an additional 4,480 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of McDonald’s by 1.9% in the third quarter. Wolff Wiese Magana LLC now owns 3,951 shares of the fast-food giant’s stock worth $1,203,000 after buying an additional 75 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of McDonald’s by 5.5% during the third quarter. Physician Wealth Advisors Inc. now owns 1,865 shares of the fast-food giant’s stock worth $584,000 after acquiring an additional 98 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in McDonald’s by 3.5% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,490 shares of the fast-food giant’s stock valued at $3,803,000 after acquiring an additional 426 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.8 %

Shares of McDonald’s stock opened at $309.99 on Friday. The firm has a market capitalization of $222.15 billion, a P/E ratio of 27.22, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a 50 day moving average price of $291.58 and a 200 day moving average price of $292.08.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Morgan Stanley upped their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday. Wedbush raised their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling at McDonald’s

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 transaction 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 $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is currently owned by insiders.

McDonald’s 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, Russia, Spain, and the U.K.