McDonald’s Co. (NYSE:MCD) Shares Sold by Creative Capital Management Investments LLC

Creative Capital Management Investments LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 777 shares of the fast-food giant’s stock after selling 51 shares during the period. Creative Capital Management Investments LLC’s holdings in McDonald’s were worth $230,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its stake in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in McDonald’s in the third quarter worth about $33,000. Keener Financial Planning LLC acquired a new position in McDonald’s in the fourth quarter worth about $39,000. Bear Mountain Capital Inc. acquired a new position in McDonald’s in the fourth quarter valued at approximately $43,000. Finally, Mendota Financial Group LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $50,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $0.31 during trading on Wednesday, hitting $273.35. The company had a trading volume of 2,567,372 shares, compared to its average volume of 3,300,082. The company has a market cap of $197.09 billion, a P/E ratio of 23.46, a PEG ratio of 2.99 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The business’s 50-day moving average is $280.92 and its 200 day moving average is $282.33.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. McDonald’s’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 EPS. On average, research analysts expect that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.44%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’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 transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other McDonald’s 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 transaction, 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 is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MCD. Citigroup decreased their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Stifel Nicolaus decreased their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Barclays decreased their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.37.

McDonald’s 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.