J.Safra Asset Management Corp Lowers Holdings in McDonald’s Co. (NYSE:MCD)

J.Safra Asset Management Corp trimmed its stake in McDonald’s Co. (NYSE:MCD) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 366 shares of the fast-food giant’s stock after selling 75 shares during the quarter. J.Safra Asset Management Corp’s holdings in McDonald’s were worth $109,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its position in McDonald’s by 51.9% during the 3rd 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 during the period. Spartan Planning & Wealth Management acquired a new stake in McDonald’s during the 3rd quarter valued at $33,000. Keener Financial Planning LLC purchased a new stake in McDonald’s during the 4th quarter worth $39,000. Bear Mountain Capital Inc. acquired a new position in McDonald’s in the 4th quarter worth $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in McDonald’s in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. UBS Group reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Wedbush reissued an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. 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 report on Tuesday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Price Performance

Shares of NYSE:MCD traded down $1.15 on Thursday, reaching $275.60. 4,175,333 shares of the company traded hands, compared to its average volume of 3,266,706. The stock has a market capitalization of $198.71 billion, a PE ratio of 23.82, a P/E/G ratio of 3.02 and a beta of 0.71. The company’s 50 day moving average is $282.06 and its 200-day moving average is $281.37. 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 released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $2.59 EPS. As a group, analysts expect that McDonald’s Co. will post 12.34 EPS 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 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The stock was 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 can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The shares were 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 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 insiders.

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.