Baldwin Investment Management LLC Has $1.63 Million Stake in McDonald's Co. (NYSE:MCD)

Baldwin Investment Management LLC lessened its stake in McDonald's Co. (NYSE:MCD - Free Report) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,615 shares of the fast-food giant's stock after selling 851 shares during the period. Baldwin Investment Management LLC's holdings in McDonald's were worth $1,628,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Atala Financial Inc bought a new position in McDonald's in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's in the 4th quarter valued at about $27,000. Collier Financial bought a new stake in shares of McDonald's during the fourth quarter worth approximately $29,000. Fairway Wealth LLC boosted its stake in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's during the 4th quarter worth $30,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird lifted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Truist Financial set a $350.00 price objective on shares of McDonald's in a report on Friday, May 2nd. Wedbush boosted their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Finally, Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Stock Performance

Shares of NYSE MCD traded up $1.34 during trading hours on Wednesday, reaching $318.13. 2,725,812 shares of the stock were exchanged, compared to its average volume of 3,571,628. The firm has a market capitalization of $227.49 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 3.10 and a beta of 0.57. The stock's fifty day simple moving average is $309.54 and its 200 day simple moving average is $300.00. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.70 earnings per share. 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.49%.

Insider Buying and Selling

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 in the last ninety days. 0.25% of the stock is owned by insiders.

McDonald's Company 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.