Calamos Advisors LLC Sells 1,406 Shares of McDonald’s Co. (NYSE:MCD)

Calamos Advisors LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 201,589 shares of the fast-food giant’s stock after selling 1,406 shares during the period. Calamos Advisors LLC’s holdings in McDonald’s were worth $59,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Blue Bell Private Wealth Management LLC boosted its position in McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares during the period. Spartan Planning & Wealth Management purchased a new stake in McDonald’s in the 3rd quarter valued at about $33,000. Keener Financial Planning LLC purchased a new stake in McDonald’s in the 4th quarter valued at about $39,000. Retirement Group LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $37,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of McDonald’s in the 4th quarter valued at about $43,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.4 %

Shares of McDonald’s stock traded up $1.03 during trading on Thursday, reaching $270.98. The company’s stock had a trading volume of 3,298,069 shares, compared to its average volume of 3,247,487. The company has a 50-day moving average price of $283.86 and a two-hundred day moving average price of $280.69. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm has a market cap of $195.38 billion, a PE ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. McDonald’s’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.59 EPS. On average, analysts predict that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MCD. Stephens restated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. StockNews.com cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Evercore ISI restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Finally, Truist Financial lowered 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. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $319.72.

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.