Principal Street Partners LLC Sells 1,033 Shares of McDonald's Co. (NYSE:MCD)

Principal Street Partners LLC lowered its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 45.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,217 shares of the fast-food giant's stock after selling 1,033 shares during the period. Principal Street Partners LLC's holdings in McDonald's were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northeast Financial Consultants Inc raised its position in shares of McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after buying an additional 34 shares during the last quarter. Pettee Investors Inc. raised its position in shares of McDonald's by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock valued at $1,566,000 after buying an additional 35 shares during the last quarter. Covestor Ltd raised its position in shares of McDonald's by 4.1% during the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after buying an additional 35 shares during the last quarter. Independent Wealth Network Inc. raised its position in shares of McDonald's by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after buying an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC raised its position in shares of McDonald's by 4.3% during the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock valued at $252,000 after buying an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.1%

Shares of MCD traded up $0.34 during trading hours on Friday, reaching $314.65. 2,701,517 shares of the company traded hands, compared to its average volume of 3,544,625. The firm has a market cap of $224.99 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock's fifty day moving average price is $311.68 and its 200 day moving average price is $301.44.

McDonald's (NYSE:MCD - Get Free Report) last issued its 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 analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 earnings per share. On average, research analysts forecast 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 paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Analyst Ratings Changes

Several research firms have recently issued reports on MCD. KeyCorp lifted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Barclays boosted their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wedbush boosted their price target 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. Robert W. Baird boosted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $325.91.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of McDonald's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the completion of the sale, the executive vice president now owns 4,606 shares of the company's stock, valued at $1,421,918.26. The trade was a 69.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,276 shares of company stock valued at $4,419,385. 0.25% of the stock is currently owned by company 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.