Life Planning Partners Inc Takes Position in McDonald's Co. (NYSE:MCD)

Life Planning Partners Inc purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,571 shares of the fast-food giant's stock, valued at approximately $14,370,000. McDonald's comprises about 2.0% of Life Planning Partners Inc's holdings, making the stock its 12th biggest position.

A number of other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in McDonald's during the third quarter valued at approximately $25,000. Atala Financial Inc acquired a new position in shares of McDonald's during the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's during the 4th quarter valued at $27,000. Collier Financial acquired a new stake in shares of McDonald's in the 4th quarter worth $29,000. Finally, Fairway Wealth LLC boosted its position in shares of McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,996 shares of company stock worth $8,897,534. 0.23% of the stock is owned by corporate insiders.

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McDonald's Stock Up 0.4 %

Shares of NYSE:MCD traded up $1.20 during trading on Tuesday, hitting $313.57. 2,374,614 shares of the stock traded hands, compared to its average volume of 3,499,319. The company has a fifty day moving average price of $302.16 and a two-hundred day moving average price of $298.35. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a market cap of $224.03 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, equities research analysts predict that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. McDonald's's payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. Robert W. Baird increased their price target on McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. KeyCorp lifted their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. TD Securities restated a "hold" rating and set a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Finally, Morgan Stanley decreased their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $323.61.

About McDonald's

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.