McDonald's Co. (NYSE:MCD) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its position in McDonald's Co. (NYSE:MCD - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,670 shares of the fast-food giant's stock after selling 2,020 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in McDonald's were worth $5,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new position in shares of McDonald's in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the fourth quarter valued at approximately $27,000. Collier Financial purchased a new stake in McDonald's in the 4th quarter worth approximately $29,000. Fairway Wealth LLC grew its stake in shares of McDonald's by 110.0% during the 4th 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. purchased a new position in shares of McDonald's during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.1 %

McDonald's stock traded up $0.38 during midday trading on Friday, reaching $316.60. 2,282,688 shares of the stock traded hands, compared to its average volume of 3,573,585. The firm has a market cap of $226.20 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company has a 50-day simple moving average of $308.18 and a two-hundred day simple moving average of $299.80. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.24%. McDonald's's payout ratio is 62.16%.

Insider Buying and Selling at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's 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 sale, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $299,071.50. Following the transaction, the insider now owns 12,100 shares of the company's stock, valued at $3,853,850. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock valued at $8,676,247 in the last quarter. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on MCD shares. Piper Sandler dropped their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. BMO Capital Markets lifted their price target on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Wedbush increased their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Truist Financial dropped their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays decreased their price objective on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating on the stock in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $322.74.

About McDonald's

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.