GPM Growth Investors Inc. Sells 310 Shares of McDonald’s Co. (NYSE:MCD)

GPM Growth Investors Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,680 shares of the fast-food giant’s stock after selling 310 shares during the period. McDonald’s comprises 2.7% of GPM Growth Investors Inc.’s holdings, making the stock its 17th biggest holding. GPM Growth Investors Inc.’s holdings in McDonald’s were worth $5,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after acquiring an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of McDonald’s in the third quarter worth $192,165,000. AMF Tjanstepension AB increased its holdings in McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after purchasing an additional 602,707 shares during the period. Barclays PLC raised its position in McDonald’s by 16.7% during the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its stake in shares of McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after acquiring an additional 370,699 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related 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 sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 18,075 shares of the company’s stock, 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MCD shares. Truist Financial dropped 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. Citigroup cut their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $317.67.

McDonald’s Stock Down 0.1 %

NYSE:MCD traded down $0.17 during trading hours on Tuesday, hitting $273.38. 4,006,212 shares of the company traded hands, compared to its average volume of 3,278,105. The company has a market cap of $197.11 billion, a PE ratio of 23.65, a PEG ratio of 2.98 and a beta of 0.71. The firm’s 50-day simple moving average is $281.31 and its 200-day simple moving average is $282.15. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the business earned $2.63 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.44%. McDonald’s’s payout ratio is presently 57.74%.

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.