Rothschild Investment LLC Sells 427 Shares of McDonald’s Co. (NYSE:MCD)

Rothschild Investment LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 24,656 shares of the fast-food giant’s stock after selling 427 shares during the period. Rothschild Investment LLC’s holdings in McDonald’s were worth $7,148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Geode Capital Management LLC raised its position in shares of McDonald’s by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after buying an additional 220,365 shares in the last quarter. Wellington Management Group LLP raised its position in McDonald’s by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after purchasing an additional 128,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in McDonald’s by 0.9% during 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 purchasing an additional 49,106 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of McDonald’s by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after purchasing an additional 19,867 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of McDonald’s by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,015,441 shares of the fast-food giant’s stock valued at $613,722,000 after purchasing an additional 22,780 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MCD. Citigroup raised their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler decreased their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Bank of America increased their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp upped their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Trading Up 0.6 %

Shares of MCD stock opened at $304.76 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market capitalization of $218.40 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74. The stock has a fifty day simple moving average of $292.61 and a two-hundred day simple moving average of $294.10.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. Research analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm 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 of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,106 shares of company stock worth $6,382,112. 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.