Tower Wealth Partners Inc. Sells 136 Shares of McDonald’s Co. (NYSE:MCD)

Tower Wealth Partners Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,542 shares of the fast-food giant’s stock after selling 136 shares during the quarter. Tower Wealth Partners Inc.’s holdings in McDonald’s were worth $447,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MCD. Geode Capital Management LLC grew its position in shares of McDonald’s by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after buying an additional 220,365 shares in the last quarter. Wellington Management Group LLP grew its holdings in McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after acquiring an additional 128,800 shares in the last quarter. Bank of New York Mellon Corp increased its position in McDonald’s by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock valued at $1,682,473,000 after purchasing an additional 52,195 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of McDonald’s by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock valued at $1,650,692,000 after purchasing an additional 129,843 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of McDonald’s by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock worth $841,966,000 after purchasing an additional 19,867 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of NYSE MCD opened at $321.52 on Monday. The firm’s 50 day simple moving average is $295.69 and its 200-day simple moving average is $296.37. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $323.17. The stock has a market capitalization of $229.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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%. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. TD Securities reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Robert W. Baird increased their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial decreased their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Wedbush boosted their target price 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 investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

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.