McDonald’s Co. (NYSE:MCD) Shares Sold by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 8.1% during the 4th quarter, HoldingsChannel reports. The fund owned 1,542 shares of the fast-food giant’s stock after selling 136 shares during the quarter. Tower Wealth Partners Inc.’s holdings in McDonald’s were worth $447,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter valued at $27,000. Collier Financial purchased a new position in shares of McDonald’s in the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s in the third quarter worth approximately $31,000. Finally, Marshall Investment Management LLC acquired a new position in shares of McDonald’s during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock worth $10,206,575 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $321.52 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $323.17. The company has a market cap of $229.71 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business has a fifty day moving average of $295.69 and a two-hundred day moving average of $296.37.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MCD. Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Citigroup upped their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Barclays upped their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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.