McDonald’s Co. (NYSE:MCD) Shares Sold by Consolidated Planning Corp

Consolidated Planning Corp lessened its stake in McDonald’s Co. (NYSE:MCD) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,153 shares of the fast-food giant’s stock after selling 220 shares during the quarter. Consolidated Planning Corp’s holdings in McDonald’s were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in shares of McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after acquiring an additional 2,154,297 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of McDonald’s in the 3rd quarter valued at $192,165,000. AMF Tjanstepension AB raised its stake in shares of McDonald’s by 174.7% in the 3rd quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after acquiring an additional 602,707 shares during the period. Barclays PLC raised its stake in shares of McDonald’s by 16.7% in the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after acquiring an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC raised its stake in shares of McDonald’s by 39.6% in the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after acquiring an additional 370,699 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MCD. Morgan Stanley cut their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Stephens reaffirmed an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $318.41.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’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 completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.9 %

McDonald’s stock traded down $2.51 during midday trading on Friday, reaching $273.09. 3,636,458 shares of the stock traded hands, compared to its average volume of 3,338,426. The firm has a fifty day moving average price of $281.68 and a two-hundred day moving average price of $281.53. The firm has a market cap of $196.90 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates 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 revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 EPS. Analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s 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.