Life Planning Partners Inc Buys New Shares in McDonald’s Co. (NYSE:MCD)

Life Planning Partners Inc purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 49,571 shares of the fast-food giant’s stock, valued at approximately $14,370,000.

A number of other large investors also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the third quarter worth about $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $31,000. Finally, Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter valued at $44,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $309.99 on Friday. The business’s 50 day simple moving average is $291.58 and its 200 day simple moving average is $292.08. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $222.15 billion, a P/E ratio of 27.22, a P/E/G ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MCD. KeyCorp upped their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays raised their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday. Wedbush raised 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. Finally, BMO Capital Markets lifted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s 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, Russia, Spain, and the U.K.