Nemes Rush Group LLC Cuts Position in McDonald’s Co. (NYSE:MCD)

Nemes Rush Group LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 12.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,349 shares of the fast-food giant’s stock after selling 492 shares during the quarter. Nemes Rush Group LLC’s holdings in McDonald’s were worth $971,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the 4th quarter valued at about $29,000. Finally, Fairway Wealth LLC lifted its position in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. KeyCorp lifted 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. Robert W. Baird lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Piper Sandler dropped their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays raised their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Up 1.8 %

Shares of NYSE:MCD opened at $312.74 on Tuesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a market cap of $223.44 billion, a PE ratio of 27.46, a P/E/G ratio of 3.10 and a beta of 0.71. The company’s 50-day moving average price is $302.16 and its 200 day moving average price is $298.35.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,996 shares of company stock valued at $8,897,534 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Profile

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.