Yousif Capital Management LLC Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Yousif Capital Management LLC trimmed its stake in McDonald’s Co. (NYSE:MCD) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,491 shares of the fast-food giant’s stock after selling 4,055 shares during the period. Yousif Capital Management LLC’s holdings in McDonald’s were worth $33,948,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC bought a new position in shares of McDonald’s in the fourth quarter worth approximately $1,397,000. Eudaimonia Advisors LLC grew its position in McDonald’s by 7.6% during the fourth quarter. Eudaimonia Advisors LLC now owns 2,757 shares of the fast-food giant’s stock valued at $817,000 after acquiring an additional 194 shares during the last quarter. Masso Torrence Wealth Management Inc. bought a new position in McDonald’s during the fourth quarter valued at approximately $272,000. Pacific Wealth Strategies Group Inc. bought a new position in McDonald’s during the fourth quarter valued at approximately $203,000. Finally, Parkside Financial Bank & Trust grew its position in McDonald’s by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,808 shares of the fast-food giant’s stock valued at $1,129,000 after acquiring an additional 248 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCD. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Morgan Stanley cut their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Evercore ISI restated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Truist Financial cut their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Trading Up 0.4 %

NYSE:MCD traded up $1.23 during mid-day trading on Tuesday, reaching $276.81. The company’s stock had a trading volume of 3,275,408 shares, compared to its average volume of 3,243,950. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a market cap of $199.58 billion, a P/E ratio of 23.92, a PEG ratio of 2.99 and a beta of 0.71. The firm’s fifty day moving average price is $282.61 and its two-hundred day moving average price is $281.45.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.59 EPS. Analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.41%. McDonald’s’s payout ratio is presently 57.74%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.