McDonald’s Co. (NYSE:MCD) Shares Sold by Leisure Capital Management

Leisure Capital Management decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,224 shares of the fast-food giant’s stock after selling 932 shares during the quarter. Leisure Capital Management’s holdings in McDonald’s were worth $1,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alliance Wealth Advisors LLC UT increased its stake in shares of McDonald’s by 1.0% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,993 shares of the fast-food giant’s stock valued at $2,963,000 after purchasing an additional 99 shares during the period. Russell Investments Group Ltd. increased its stake in shares of McDonald’s by 39.8% in the fourth quarter. Russell Investments Group Ltd. now owns 469,256 shares of the fast-food giant’s stock valued at $139,102,000 after purchasing an additional 133,523 shares during the period. Dohj LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $662,000. Valmark Advisers Inc. boosted its holdings in shares of McDonald’s by 1.5% in the fourth quarter. Valmark Advisers Inc. now owns 14,668 shares of the fast-food giant’s stock valued at $4,349,000 after acquiring an additional 211 shares in the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of McDonald’s by 8.4% in the fourth quarter. Addison Advisors LLC now owns 1,773 shares of the fast-food giant’s stock valued at $526,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MCD shares. Bank of America raised their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Royal Bank of Canada reduced their price target 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. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Stephens reiterated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. Finally, Morgan Stanley cut their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $318.41.

McDonald’s Price Performance

MCD stock traded down $2.51 during trading hours on Friday, reaching $273.09. The stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. The stock has a market capitalization of $196.90 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The stock has a 50-day simple moving average of $281.68 and a 200 day simple moving average of $281.53. 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, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the company posted $2.59 EPS. McDonald’s’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Co. will post 12.34 EPS for the current fiscal 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 issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 transaction of $312,533.62. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

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.