Good Life Advisors LLC Sells 1,099 Shares of McDonald's Co. (NYSE:MCD)

Good Life Advisors LLC lessened its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,374 shares of the fast-food giant's stock after selling 1,099 shares during the period. Good Life Advisors LLC's holdings in McDonald's were worth $6,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Clear Creek Financial Management LLC increased its stake in McDonald's by 2.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock worth $396,000 after purchasing an additional 35 shares in the last quarter. GDS Wealth Management boosted its holdings in shares of McDonald's by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock worth $762,000 after buying an additional 35 shares during the period. Boltwood Capital Management increased its position in shares of McDonald's by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after acquiring an additional 35 shares in the last quarter. McAdam LLC lifted its position in shares of McDonald's by 1.7% in the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant's stock valued at $663,000 after acquiring an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc raised its stake in McDonald's by 1.3% during the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant's stock valued at $879,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,106 shares of company stock valued at $6,368,814. Company insiders own 0.23% of the company's stock.

McDonald's Trading Up 0.6 %

MCD traded up $1.71 on Friday, hitting $304.76. 2,888,152 shares of the stock traded hands, compared to its average volume of 3,157,218. The business has a fifty day moving average price of $292.45 and a two-hundred day moving average price of $293.51. The firm has a market capitalization of $218.40 billion, a PE ratio of 26.76, a P/E/G ratio of 3.09 and a beta of 0.74. McDonald's Co. has a 52 week low of $243.53 and a 52 week 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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities research analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald's's dividend payout ratio is 62.16%.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Citigroup lifted their price target on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Loop Capital reiterated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. Bank of America upped their price target on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. KeyCorp lifted their price objective on McDonald's from $320.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets raised their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Ten investment 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, the company presently has an average rating of "Moderate Buy" and an average price target of $323.61.

McDonald's 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.