Cambridge Financial Group Inc. Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Cambridge Financial Group Inc. cut its position in shares of McDonald’s Co. (NYSE:MCD) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,627 shares of the fast-food giant’s stock after selling 992 shares during the period. McDonald’s accounts for 3.5% of Cambridge Financial Group Inc.’s holdings, making the stock its 12th biggest position. Cambridge Financial Group Inc.’s holdings in McDonald’s were worth $7,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Clearstead Trust LLC lifted its position in shares of McDonald’s by 5.4% during the 4th quarter. Clearstead Trust LLC now owns 14,862 shares of the fast-food giant’s stock valued at $4,407,000 after buying an additional 767 shares in the last quarter. SYM FINANCIAL Corp raised its position in McDonald’s by 3.8% during the fourth quarter. SYM FINANCIAL Corp now owns 2,306 shares of the fast-food giant’s stock worth $684,000 after acquiring an additional 85 shares during the period. Kerntke Otto McGlone Wealth Management Group lifted its holdings in McDonald’s by 4.6% during the fourth quarter. Kerntke Otto McGlone Wealth Management Group now owns 965 shares of the fast-food giant’s stock valued at $286,000 after purchasing an additional 42 shares in the last quarter. NavPoint Financial Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $248,000. Finally, Connecticut Wealth Management LLC increased its stake in shares of McDonald’s by 2.2% during the fourth quarter. Connecticut Wealth Management LLC now owns 4,416 shares of the fast-food giant’s stock worth $1,309,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MCD shares. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Truist Financial dropped their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday. Citigroup decreased their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, Stifel Nicolaus decreased their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $317.74.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal 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 the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 transaction, the insider now owns 16,977 shares of the company’s stock, 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 Price Performance

Shares of MCD stock traded down $2.96 during trading hours on Friday, hitting $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company’s fifty day moving average is $279.53 and its 200 day moving average is $282.35. The stock has a market capitalization of $194.90 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the company earned $2.63 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 12.18 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 given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 56.71%.

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.