Imprint Wealth LLC Lowers Position in McDonald’s Co. (NYSE:MCD)

Imprint Wealth LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 6.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,365 shares of the fast-food giant’s stock after selling 400 shares during the period. McDonald’s comprises about 1.3% of Imprint Wealth LLC’s holdings, making the stock its 19th largest holding. Imprint Wealth LLC’s holdings in McDonald’s were worth $1,590,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in McDonald’s by 103.4% during the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after acquiring an additional 210 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of McDonald’s by 7.7% in the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after buying an additional 5,007 shares during the last quarter. Mackenzie Financial Corp increased its position in McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after buying an additional 23,643 shares in the last quarter. Stevens Capital Management LP purchased a new position in McDonald’s during the first quarter valued at $1,108,000. Finally, Equitable Holdings Inc. boosted its holdings in McDonald’s by 59.7% in the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after acquiring an additional 3,490 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

McDonald’s Stock Up 0.0 %

MCD traded up $0.02 during trading hours on Tuesday, reaching $266.25. 819,459 shares of the company’s stock traded hands, compared to its average volume of 3,214,378. The firm has a 50-day moving average price of $284.60 and a 200 day moving average price of $280.75. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm has a market capitalization of $191.97 billion, a PE ratio of 23.02, a PEG ratio of 2.89 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the business posted $2.59 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts predict that McDonald’s Co. will post 12.35 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

Analyst Ratings Changes

Several research firms have recently weighed in on MCD. Truist Financial decreased their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. TD Cowen reissued a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, April 10th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Wedbush reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. Finally, Barclays cut their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Nine 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, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

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.