Select Asset Management & Trust Has $2.90 Million Stake in McDonald’s Co. (NYSE:MCD)

Select Asset Management & Trust decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 48.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,996 shares of the fast-food giant’s stock after selling 9,500 shares during the period. McDonald’s accounts for about 1.1% of Select Asset Management & Trust’s portfolio, making the stock its 15th biggest position. Select Asset Management & Trust’s holdings in McDonald’s were worth $2,898,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MCD. Wealth Dimensions Group Ltd. grew its position in shares of McDonald’s by 3.1% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 4,020 shares of the fast-food giant’s stock worth $1,165,000 after buying an additional 120 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of McDonald’s by 2.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349,701 shares of the fast-food giant’s stock worth $101,375,000 after purchasing an additional 7,488 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $239,000. Trajan Wealth LLC increased its position in McDonald’s by 11.1% in the 4th quarter. Trajan Wealth LLC now owns 14,077 shares of the fast-food giant’s stock valued at $4,081,000 after buying an additional 1,406 shares in the last quarter. Finally, Landing Point Financial Group LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $217,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $310.82 on Monday. The stock has a market capitalization of $222.07 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock’s 50-day simple moving average is $307.38 and its 200 day simple moving average is $299.29.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,497 shares of company stock valued at $8,461,400. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial dropped their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Citigroup decreased their price objective on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $322.87.

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.