McDonald’s Co. (NYSE:MCD) Shares Sold by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 21.7% in the fourth quarter, HoldingsChannel reports. The fund owned 9,318 shares of the fast-food giant’s stock after selling 2,579 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in McDonald’s were worth $2,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Atala Financial Inc bought a new position in McDonald’s during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter valued at $27,000. Collier Financial bought a new position in McDonald’s during the fourth quarter valued at about $29,000. Fairway Wealth LLC grew its holdings in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in McDonald’s in the fourth quarter worth about $30,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This represents a 69.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock valued at $8,461,400 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $319.05 on Wednesday. The stock has a market cap of $227.95 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.10 and a beta of 0.62. The business has a 50 day simple moving average of $307.59 and a 200 day simple moving average of $299.47. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.22%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Wedbush increased their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Citigroup decreased their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $322.74.

McDonald’s Company 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.