McDonald’s Co. (NYSE:MCD) Shares Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,405 shares of the fast-food giant’s stock after selling 165 shares during the period. Lodestar Private Asset Management LLC’s holdings in McDonald’s were worth $713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Vanguard Group Inc. raised its holdings in shares of McDonald’s by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after buying an additional 262,147 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of McDonald’s by 106,340.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after buying an additional 19,217,818 shares during the period. Northern Trust Corp raised its holdings in shares of McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after buying an additional 151,161 shares during the period. Norges Bank purchased a new stake in shares of McDonald’s in the 4th quarter valued at $2,341,360,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of McDonald’s by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after buying an additional 237,532 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on MCD shares. Robert W. Baird reissued an “outperform” rating and set a $315.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Barclays lowered 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. Wedbush reissued an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $320.17.

Check Out Our Latest Analysis on MCD

McDonald’s Price Performance

Shares of MCD stock traded down $1.23 during trading hours on Friday, reaching $267.39. 2,699,670 shares of the company’s stock were exchanged, compared to its average volume of 3,243,269. The company has a market cap of $192.79 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The company’s 50 day moving average is $285.59 and its two-hundred day moving average is $280.55. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last issued 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. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. As a group, analysts predict that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Buying and Selling

In related news, 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 value of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

McDonald’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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