Concurrent Investment Advisors LLC Trims Stake in McDonald's Co. (NYSE:MCD)

Concurrent Investment Advisors LLC cut its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,828 shares of the fast-food giant's stock after selling 2,920 shares during the period. Concurrent Investment Advisors LLC's holdings in McDonald's were worth $8,937,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MCD. Hardy Reed LLC bought a new stake in shares of McDonald's in the fourth quarter worth approximately $317,000. Handelsbanken Fonder AB grew its position in McDonald's by 2.0% in the 4th quarter. Handelsbanken Fonder AB now owns 248,747 shares of the fast-food giant's stock worth $72,109,000 after purchasing an additional 4,887 shares during the period. Wealth Alliance grew its position in McDonald's by 1.7% in the 4th quarter. Wealth Alliance now owns 6,818 shares of the fast-food giant's stock worth $1,976,000 after purchasing an additional 116 shares during the period. LMG Wealth Partners LLC raised its stake in McDonald's by 2.2% during the 4th quarter. LMG Wealth Partners LLC now owns 18,479 shares of the fast-food giant's stock valued at $5,357,000 after buying an additional 401 shares during the last quarter. Finally, Jacobson & Schmitt Advisors LLC lifted its holdings in shares of McDonald's by 5.0% during the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 840 shares of the fast-food giant's stock valued at $244,000 after buying an additional 40 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,205 shares of company stock valued at $6,703,569 in the last ninety days. Corporate insiders own 0.23% of the company's stock.

McDonald's Trading Up 0.6 %

Shares of NYSE:MCD traded up $1.71 during midday trading on Friday, reaching $304.76. 3,034,763 shares of the company were exchanged, compared to its average volume of 3,198,654. The stock has a market cap of $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. The business's fifty day moving average is $292.45 and its two-hundred day moving average is $293.51. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data 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 net margin of 31.73% and a negative return on equity of 181.63%. As a group, sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley lifted their price objective on McDonald's from $336.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Citigroup boosted their price target on McDonald's from $336.00 to $360.00 and gave the company a "buy" 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 stock an "overweight" rating in a research note on Tuesday, February 11th. Robert W. Baird raised their price objective on shares of McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Finally, Bank of America upped their target price on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and a consensus target price 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.