TCV Trust & Wealth Management Inc. Sells 250 Shares of McDonald’s Co. (NYSE:MCD)

TCV Trust & Wealth Management Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 1.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,685 shares of the fast-food giant’s stock after selling 250 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in McDonald’s were worth $4,257,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s during the 4th quarter valued at about $27,000. Collier Financial bought a new position in shares of McDonald’s during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at approximately $31,000. Finally, Hara Capital LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $44,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Piper Sandler cut their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. TD Cowen reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Performance

MCD opened at $310.16 on Wednesday. The stock has a fifty day moving average of $291.02 and a 200-day moving average of $291.56. The company has a market capitalization of $222.27 billion, a P/E ratio of 27.23, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last released 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 net margin of 31.79% and a negative return on equity of 175.42%. On average, equities research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s Company 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.