Voya Investment Management LLC Cuts Stock Holdings in McDonald's Co. (NYSE:MCD)

Voya Investment Management LLC trimmed its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 611,873 shares of the fast-food giant's stock after selling 8,573 shares during the quarter. Voya Investment Management LLC owned approximately 0.09% of McDonald's worth $177,376,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mattern Capital Management LLC grew its holdings in McDonald's by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank boosted its holdings in McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after acquiring an additional 371 shares in the last quarter. YANKCOM Partnership purchased a new stake in shares of McDonald's in the fourth quarter worth $1,628,000. Integral Investment Advisors Inc. increased its holdings in shares of McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after acquiring an additional 164 shares in the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter worth about $2,471,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,136 shares of company stock worth $8,676,247. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on MCD shares. Robert W. Baird decreased their target price on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Bank of America boosted their price target on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note 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 report on Tuesday, February 11th. Finally, Wedbush raised their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $322.74.

McDonald's Stock Down 0.6 %

NYSE MCD traded down $1.96 during trading on Monday, hitting $314.78. 963,420 shares of the stock traded hands, compared to its average volume of 3,563,062. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a 50-day simple moving average of $308.18 and a 200-day simple moving average of $299.75. The company has a market capitalization of $224.90 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

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

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

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.