McDonald's Co. (NYSE:MCD) Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC decreased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,677 shares of the fast-food giant's stock after selling 3,139 shares during the period. Atalanta Sosnoff Capital LLC's holdings in McDonald's were worth $36,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mattern Capital Management LLC raised its holdings in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank raised its stake in McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after buying an additional 371 shares in the last quarter. YANKCOM Partnership purchased a new stake in McDonald's during the fourth quarter worth $1,628,000. Integral Investment Advisors Inc. boosted its position in McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after acquiring an additional 164 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald's in the 4th quarter worth $2,471,000. 70.29% of the stock is currently owned by institutional investors.

McDonald's Price Performance

Shares of MCD stock traded up $0.91 during trading on Wednesday, hitting $317.70. 801,537 shares of the stock traded hands, compared to its average volume of 3,562,499. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market capitalization of $227.18 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The firm's fifty day moving average price is $309.54 and its 200-day moving average price is $300.00.

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

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 62.49%.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Piper Sandler increased their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Bank of America lifted their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, Truist Financial set a $350.00 target price on shares of McDonald's in a report on Friday. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $325.91.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,136 shares of company stock worth $8,676,247. Corporate insiders own 0.25% of the company's stock.

McDonald's 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, Spain, and the U.K.