Robertson Stephens Wealth Management LLC Reduces Stock Holdings in McDonald's Co. (NYSE:MCD)

Robertson Stephens Wealth Management LLC decreased its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 37.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,939 shares of the fast-food giant's stock after selling 8,757 shares during the period. Robertson Stephens Wealth Management LLC's holdings in McDonald's were worth $4,429,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Independent Wealth Network Inc. boosted its position in McDonald's by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant's stock worth $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd raised its stake in shares of McDonald's by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant's stock worth $407,000 after buying an additional 36 shares in the last quarter. Unique Wealth LLC boosted its stake in McDonald's by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant's stock valued at $963,000 after buying an additional 38 shares in the last quarter. Patron Partners LLC lifted its holdings in McDonald's by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant's stock valued at $1,529,000 after acquiring an additional 38 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in shares of McDonald's by 4.4% during the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant's stock valued at $269,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Up 0.5 %

MCD traded up $1.31 during trading on Wednesday, hitting $274.35. The stock had a trading volume of 4,843,250 shares, compared to its average volume of 3,332,155. The firm has a market cap of $197.81 billion, a PE ratio of 23.71, a P/E/G ratio of 2.99 and a beta of 0.71. The company has a 50 day simple moving average of $280.53 and a 200-day simple moving average of $282.27. McDonald's Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the firm earned $2.63 earnings per share. The business's quarterly revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that McDonald's Co. will post 12.34 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, February 29th. McDonald's's payout ratio is currently 57.74%.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company's stock, valued at $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the business's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company's stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Truist Financial cut their price objective on McDonald's from $345.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of McDonald's from $300.00 to $290.00 and set an "overweight" rating for the company in a research note on Wednesday. Erste Group Bank restated a "hold" rating on shares of McDonald's in a report on Wednesday, April 3rd. BMO Capital Markets decreased their price objective on shares of McDonald's from $335.00 to $330.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, KeyCorp cut their target price on shares of McDonald's from $315.00 to $310.00 and set an "overweight" rating on the stock in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and a consensus price target of $317.37.

About McDonald's

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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