McDonald’s Co. (NYSE:MCD) Shares Sold by GPM Growth Investors Inc.

Posted by Brian Himes on Mar 18th, 2023

GPM Growth Investors Inc. trimmed its stake in McDonald’s Co. (NYSE:MCD – Get Rating) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,588 shares of the fast-food giant’s stock after selling 499 shares during the quarter. McDonald’s comprises approximately 3.1% of GPM Growth Investors Inc.’s portfolio, making the stock its 13th biggest position. GPM Growth Investors Inc.’s holdings in McDonald’s were worth $5,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. West Financial Advisors LLC raised its holdings in shares of McDonald’s by 520.0% in the third quarter. West Financial Advisors LLC now owns 124 shares of the fast-food giant’s stock worth $29,000 after acquiring an additional 104 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in McDonald’s in the third quarter valued at $33,000. WD Rutherford LLC acquired a new position in McDonald’s in the third quarter valued at $36,000. Cowa LLC acquired a new position in McDonald’s in the third quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. acquired a new position in McDonald’s in the third quarter valued at $43,000. 66.86% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD opened at $267.20 on Friday. The company has a market capitalization of $195.46 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.13 and a beta of 0.62. McDonald’s Co. has a one year low of $228.34 and a one year high of $281.67. The stock has a 50-day moving average price of $267.15 and a 200 day moving average price of $262.86.

McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a negative return on equity of 120.10% and a net margin of 26.65%. McDonald’s’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 earnings per share. As a group, equities research analysts forecast that McDonald’s Co. will post 10.51 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 28th. McDonald’s’s payout ratio is currently 72.81%.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Royal Bank of Canada dropped their target price on McDonald’s from $296.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Stephens restated an “overweight” rating and set a $280.00 price target on shares of McDonald’s in a research note on Wednesday, February 1st. StockNews.com assumed coverage on McDonald’s in a research note on Thursday. They set a “buy” rating for the company. Truist Financial dropped their price target on McDonald’s from $300.00 to $292.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Finally, Jefferies Financial Group upped their price target on McDonald’s from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $288.80.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,396 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total transaction of $370,554.24. Following the sale, the executive vice president now owns 308 shares in the company, valued at $81,755.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, EVP Marion K. Gross sold 1,396 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total transaction of $370,554.24. Following the sale, the executive vice president now owns 308 shares in the company, valued at $81,755.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Catherine A. Hoovel sold 2,876 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $270.00, for a total value of $776,520.00. Following the sale, the senior vice president now owns 1,184 shares in the company, valued at approximately $319,680. The disclosure for this sale can be found here. Insiders have sold 8,122 shares of company stock worth $2,177,681 over the last quarter. 0.25% of the stock is owned by corporate insiders.

McDonald’s Company Profile

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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, Russia, Spain, and the U.K.