Sepio Capital LP Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Sepio Capital LP trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,892 shares of the fast-food giant’s stock after selling 111 shares during the period. Sepio Capital LP’s holdings in McDonald’s were worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of MCD. Roffman Miller Associates Inc. PA increased its stake in shares of McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after acquiring an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC boosted its holdings in McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares in the last quarter. Aigen Investment Management LP purchased a new position in McDonald’s in the fourth quarter valued at about $4,286,000. Strait & Sound Wealth Management LLC acquired a new stake in shares of McDonald’s in the 4th quarter worth approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock valued at $1,127,678 over the last quarter. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Truist Financial reduced their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Wedbush dropped their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Guggenheim decreased their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Robert W. Baird dropped their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Trading Up 0.1 %

NYSE MCD traded up $0.18 on Friday, hitting $258.11. 3,382,879 shares of the stock traded hands, compared to its average volume of 3,431,503. The company has a market capitalization of $186.01 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. The stock has a 50-day moving average of $272.79 and a 200 day moving average of $283.37. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.63 earnings per share. As a group, equities research analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $1.67 per share. The ex-dividend date is Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.59%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

About McDonald’s

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.