Larson Financial Group LLC Cuts Position in McDonald's Co. (NYSE:MCD)

Larson Financial Group LLC cut its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,601 shares of the fast-food giant's stock after selling 1,857 shares during the period. Larson Financial Group LLC's holdings in McDonald's were worth $1,334,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new position in shares of McDonald's during the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's during the 4th quarter worth about $27,000. Collier Financial purchased a new position in McDonald's during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald's in the 3rd quarter valued at about $31,000. Finally, Marshall Investment Management LLC purchased a new stake in McDonald's during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MCD. Wedbush raised their price objective on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. TD Securities reissued a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Robert W. Baird upped their price objective on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Citigroup increased their price objective on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley boosted their target price on McDonald's from $336.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $323.61.

Remove Ads

McDonald's Trading Up 3.6 %

Shares of NYSE MCD traded up $11.15 during trading hours on Friday, reaching $321.52. The stock had a trading volume of 7,606,559 shares, compared to its average volume of 3,341,679. The firm has a 50-day moving average of $295.69 and a 200-day moving average of $296.37. The firm has a market cap of $229.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $323.17.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 181.63% and a net margin of 31.73%. On average, equities analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. McDonald's's dividend payout ratio is presently 62.16%.

Insider Activity

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares of the company's stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. Insiders own 0.23% of the company's stock.

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.