McDonald’s Co. (NYSE:MCD) Position Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in McDonald’s Co. (NYSE:MCD) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,228 shares of the fast-food giant’s stock after selling 185 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in McDonald’s were worth $4,125,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s during the 4th quarter valued at approximately $27,000. Collier Financial bought a new position in McDonald’s during the 4th quarter worth $29,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the third quarter valued at $31,000. Finally, Marshall Investment Management LLC acquired a new position in shares of McDonald’s during the fourth quarter valued at $37,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MCD shares. BMO Capital Markets increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. 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 note on Tuesday, February 4th. Morgan Stanley boosted their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird increased their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

MCD stock opened at $308.17 on Friday. The firm has a market cap of $220.18 billion, a PE ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a 50 day simple moving average of $294.06 and a 200 day simple moving average of $295.27.

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock worth $10,206,575 in the last quarter. 0.23% of the stock is owned by company insiders.

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.