Focus Partners Advisor Solutions LLC Sells 4,296 Shares of McDonald's Co. (NYSE:MCD)

Focus Partners Advisor Solutions LLC trimmed its stake in McDonald's Co. (NYSE:MCD - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,731 shares of the fast-food giant's stock after selling 4,296 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in McDonald's were worth $2,821,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value 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 $1,720,778.28. This represents a 15.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at approximately $1,421,918.26. The trade was a 69.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,436 shares of company stock worth $4,458,290. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

NYSE MCD opened at $316.61 on Thursday. The business has a fifty day moving average price of $311.25 and a two-hundred day moving average price of $301.18. The stock has a market capitalization of $226.39 billion, a PE ratio of 27.80, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MCD. Bank of America raised their target price on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Barclays increased their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. KeyCorp upped their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Truist Financial set a $350.00 target price on McDonald's in a research note on Friday, May 2nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Eleven 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

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.

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