Opus Capital Group LLC Sells 100 Shares of McDonald’s Co. (NYSE:MCD)

Opus Capital Group LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 4.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,332 shares of the fast-food giant’s stock after selling 100 shares during the period. Opus Capital Group LLC’s holdings in McDonald’s were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Continuum Wealth Advisors LLC boosted its holdings in shares of McDonald’s by 6.0% in the fourth quarter. Continuum Wealth Advisors LLC now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 49 shares during the period. Oakworth Capital Inc. boosted its stake in McDonald’s by 2.5% during the fourth quarter. Oakworth Capital Inc. now owns 4,079 shares of the fast-food giant’s stock valued at $1,209,000 after buying an additional 100 shares during the period. Telos Capital Management Inc. boosted its stake in McDonald’s by 2,487.1% during the fourth quarter. Telos Capital Management Inc. now owns 21,085 shares of the fast-food giant’s stock valued at $6,252,000 after buying an additional 20,270 shares during the period. Rakuten Securities Inc. bought a new stake in McDonald’s during the fourth quarter valued at $99,000. Finally, Guidance Capital Inc. boosted its stake in McDonald’s by 3.4% during the fourth quarter. Guidance Capital Inc. now owns 2,503 shares of the fast-food giant’s stock valued at $743,000 after buying an additional 82 shares during the period. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MCD shares. UBS Group dropped their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Truist Financial decreased their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Bank of America lifted their price objective on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus decreased their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.72.

Insider Buying and Selling

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

McDonald’s Stock Up 1.7 %

MCD traded up $4.52 during mid-day trading on Wednesday, reaching $269.95. 3,333,445 shares of the company traded hands, compared to its average volume of 3,246,136. The stock has a market capitalization of $194.64 billion, a P/E ratio of 22.94, a P/E/G ratio of 2.88 and a beta of 0.71. The company’s fifty day moving average price is $284.21 and its 200-day moving average price is $280.76. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.59 EPS. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.35 earnings per share for the current fiscal 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 given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is 57.74%.

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.