McDonald's Co. (NYSE:MCD) Shares Sold by Fmr LLC

FMR LLC lowered its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,427,500 shares of the fast-food giant's stock after selling 957,822 shares during the quarter. FMR LLC owned approximately 0.48% of McDonald's worth $993,598,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MCD. Boltwood Capital Management grew its position in McDonald's by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after buying an additional 35 shares during the period. Pettee Investors Inc. grew its position in shares of McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock valued at $1,566,000 after acquiring an additional 35 shares during the period. Modus Advisors LLC boosted its position in McDonald's by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock worth $2,724,000 after purchasing an additional 36 shares in the last quarter. Independent Wealth Network Inc. grew its holdings in McDonald's by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after purchasing an additional 36 shares during the period. Finally, Blue Barn Wealth LLC increased its position in shares of McDonald's by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock valued at $252,000 after buying an additional 36 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

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Insider Activity at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction that occurred 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 owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 over the last quarter. 0.23% of the stock is owned by insiders.

McDonald's Trading Up 0.1 %

MCD traded up $0.31 on Friday, hitting $307.09. 1,546,863 shares of the company were exchanged, compared to its average volume of 3,568,596. The company has a market cap of $219.40 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The firm has a 50-day moving average price of $305.71 and a two-hundred day moving average price of $298.97. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. Equities analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 dividend yield of 2.31%. McDonald's's payout ratio is currently 62.16%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Loop Capital restated a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. KeyCorp lifted their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Barclays increased their target price on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their price target on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.87.

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.