McDonald's Co. (NYSE:MCD) Position Trimmed by GTS Securities LLC

GTS Securities LLC lowered its stake in McDonald's Co. (NYSE:MCD - Free Report) by 92.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,306 shares of the fast-food giant's stock after selling 72,932 shares during the period. GTS Securities LLC's holdings in McDonald's were worth $1,828,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Atala Financial Inc acquired a new position in McDonald's during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald's during the fourth quarter worth $29,000. Fairway Wealth LLC raised its position in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald's in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,878 shares of company stock valued at $904,192. Company insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.1%

Shares of NYSE:MCD traded up $0.42 during midday trading on Tuesday, reaching $314.99. The company's stock had a trading volume of 2,525,607 shares, compared to its average volume of 3,541,201. The firm has a market cap of $225.23 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The business has a 50 day moving average price of $311.84 and a 200 day moving average price of $301.65.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The business 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 business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 earnings per share. Sell-side analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analyst Ratings Changes

Several research analysts have weighed in on MCD shares. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Wedbush lifted their target price on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, Piper Sandler lifted their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Eleven equities 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 company's stock. According to MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and an average target price 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.