Corient Private Wealth LLC Trims Position in McDonald’s Co. (NYSE:MCD)

Corient Private Wealth LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,044,236 shares of the fast-food giant’s stock after selling 33,953 shares during the quarter. Corient Private Wealth LLC owned 0.15% of McDonald’s worth $301,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. United Bank increased its stake in shares of McDonald’s by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after purchasing an additional 218 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of McDonald’s by 1.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,413 shares of the fast-food giant’s stock worth $4,389,000 after purchasing an additional 272 shares in the last quarter. Curi RMB Capital LLC increased its stake in shares of McDonald’s by 22.6% during the 3rd quarter. Curi RMB Capital LLC now owns 8,172 shares of the fast-food giant’s stock worth $2,489,000 after purchasing an additional 1,509 shares in the last quarter. Northcape Wealth Management LLC increased its stake in shares of McDonald’s by 1.8% during the 3rd quarter. Northcape Wealth Management LLC now owns 9,694 shares of the fast-food giant’s stock worth $2,952,000 after purchasing an additional 171 shares in the last quarter. Finally, Koa Wealth Management LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $202,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the 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 completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now owns 4,606 shares in the company, valued at $1,421,918.26. This represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $300.00 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market capitalization of $214.34 billion, a P/E ratio of 26.34, a P/E/G ratio of 3.10 and a beta of 0.71. The company’s fifty day moving average price is $296.96 and its two-hundred day moving average price is $296.84.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MCD. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Robert W. Baird lifted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Barclays lifted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Profile

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.