Human Investing LLC Sells 51 Shares of McDonald’s Co. (NYSE:MCD)

Human Investing LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,615 shares of the fast-food giant’s stock after selling 51 shares during the period. Human Investing LLC’s holdings in McDonald’s were worth $758,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of McDonald’s by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after purchasing an additional 220,365 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of McDonald’s by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after purchasing an additional 128,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in McDonald’s by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after acquiring an additional 19,867 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $308.59 on Monday. The firm has a market cap of $221.14 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. The stock’s 50-day moving average is $291.98 and its 200-day moving average is $292.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Equities analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently announced 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. This represents a $7.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MCD shares. Bank of America raised their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Wedbush raised their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, BMO Capital Markets raised their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.61.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’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 value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,906 shares of company stock valued at $5,406,382. 0.23% of the stock is owned by 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.