Adams Diversified Equity Fund Inc. Sells 4,600 Shares of McDonald's Co. (NYSE:MCD)

Adams Diversified Equity Fund Inc. cut its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,500 shares of the fast-food giant's stock after selling 4,600 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in McDonald's were worth $22,466,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald's in the 3rd quarter valued at about $25,000. Atala Financial Inc acquired a new position in McDonald's during the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald's in the fourth quarter valued at approximately $27,000. Collier Financial bought a new stake in McDonald's in the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC lifted its position in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. Loop Capital restated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. Wedbush lifted their price objective on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. TD Securities reaffirmed a "hold" rating and set a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Finally, Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and an average target price of $323.39.

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Insiders Place Their Bets

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,405 shares of company stock worth $9,886,656. Insiders own 0.23% of the company's stock.

McDonald's Stock Performance

Shares of MCD stock traded up $1.34 during trading hours on Tuesday, hitting $307.01. 2,657,031 shares of the company were exchanged, compared to its average volume of 3,336,565. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a 50 day simple moving average of $299.21 and a two-hundred day simple moving average of $297.65. The firm has a market cap of $219.35 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts expect 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. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

McDonald's Company Profile

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.