McDonald’s Co. (NYSE:MCD) Position Reduced by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC lessened its stake in McDonald’s Co. (NYSE:MCD) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,989 shares of the fast-food giant’s stock after selling 120 shares during the period. Sandbox Financial Partners LLC’s holdings in McDonald’s were worth $590,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MCD. Covestor Ltd increased its holdings in shares of McDonald’s by 103.4% in the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after acquiring an additional 210 shares during the last quarter. NewEdge Advisors LLC increased its stake in McDonald’s by 7.7% during the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after purchasing an additional 5,007 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of McDonald’s by 4.8% during the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after purchasing an additional 23,643 shares during the period. Stevens Capital Management LP bought a new position in shares of McDonald’s in the 1st quarter worth about $1,108,000. Finally, Equitable Holdings Inc. boosted its holdings in shares of McDonald’s by 59.7% in the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after buying an additional 3,490 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCD. Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday. Wedbush restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research report on Tuesday, February 6th. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Wednesday. Robert W. Baird reissued an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Finally, Piper Sandler lifted their price objective on shares of McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.60.

McDonald’s Price Performance

Shares of MCD opened at $281.95 on Friday. The business’s 50-day moving average is $290.64 and its 200-day moving average is $280.93. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a market capitalization of $203.58 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 3.05 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the business posted $2.59 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts expect that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.