Blue Fin Capital Inc. Sells 188 Shares of McDonald’s Co. (NYSE:MCD)

by · The Cerbat Gem

Blue Fin Capital Inc. trimmed its holdings in McDonald’s Co. (NYSE:MCD – Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,179 shares of the fast-food giant’s stock after selling 188 shares during the period. Blue Fin Capital Inc.’s holdings in McDonald’s were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in McDonald’s during the fourth quarter worth about $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $703,074,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $350,935,000. Northern Trust Corp raised its position in McDonald’s by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in McDonald’s by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after purchasing an additional 794,536 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 10,459 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,099 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $304.60, for a total transaction of $334,755.40. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,436 shares of company stock worth $4,458,290. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MCD. Robert W. Baird lifted their price target on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Truist Financial set a $350.00 target price on shares of McDonald’s in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. KeyCorp increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $325.91.

Check Out Our Latest Report on MCD

McDonald’s Price Performance

MCD stock opened at $316.61 on Thursday. The company’s 50-day moving average is $311.25 and its 200-day moving average is $301.18. The stock has a market capitalization of $226.39 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 EPS. On average, analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s payout ratio is currently 62.49%.

About McDonald’s

(Free Report)

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.

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