McDonald’s Co. (NYSE:MCD) Stock Position Trimmed by Trek Financial LLC

Trek Financial LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 7.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,215 shares of the fast-food giant’s stock after selling 91 shares during the period. Trek Financial LLC’s holdings in McDonald’s were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Mattern Capital Management LLC increased its position in McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares during the period. Bell Bank grew its stake in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of McDonald’s during the fourth quarter valued at $1,628,000. Integral Investment Advisors Inc. raised its stake in shares of McDonald’s by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after purchasing an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new stake in McDonald’s in the fourth quarter worth about $2,471,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Citigroup cut their price objective on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Bank of America raised their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird cut their price target on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a report on Monday. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.87.

McDonald’s Trading Down 0.3 %

Shares of MCD stock opened at $299.32 on Tuesday. The company has a market capitalization of $213.85 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock’s fifty day simple moving average is $304.46 and its 200-day simple moving average is $298.84.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.37%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the transaction, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at $1,421,918.26. This represents a 69.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock worth $8,461,400 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

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, Spain, and the U.K.