McDonald's Co. (NYSE:MCD) Shares Sold by AlTi Global Inc.

AlTi Global Inc. lowered its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,920 shares of the fast-food giant's stock after selling 2,376 shares during the period. AlTi Global Inc.'s holdings in McDonald's were worth $6,640,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MCD. Allegheny Financial Group lifted its holdings in McDonald's by 4.5% in the 4th quarter. Allegheny Financial Group now owns 2,965 shares of the fast-food giant's stock worth $860,000 after buying an additional 127 shares during the period. 4WEALTH Advisors Inc. purchased a new position in McDonald's in the fourth quarter worth about $886,000. Gallagher Fiduciary Advisors LLC boosted its stake in McDonald's by 13.1% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 4,303 shares of the fast-food giant's stock valued at $1,248,000 after purchasing an additional 499 shares during the last quarter. Hutner Capital Management Inc. lifted its stake in McDonald's by 8.1% during the 4th quarter. Hutner Capital Management Inc. now owns 32,630 shares of the fast-food giant's stock valued at $9,459,000 after acquiring an additional 2,441 shares during the period. Finally, South Plains Financial Inc. bought a new position in McDonald's in the fourth quarter valued at about $444,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on MCD. Bank of America lifted their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Citigroup upped their price objective on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Piper Sandler boosted their target price on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Wedbush boosted their price objective on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target of $325.48.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares of the company's stock, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock valued at $8,676,247 over the last quarter. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded up $3.77 during trading hours on Monday, reaching $315.73. 3,533,694 shares of the stock were exchanged, compared to its average volume of 3,572,523. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business's fifty day moving average is $309.16 and its two-hundred day moving average is $299.89. The firm has a market capitalization of $225.77 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.49%.

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.