Wellington Management Group LLP Sells 1,066,324 Shares of McDonald's Co. (NYSE:MCD)

Wellington Management Group LLP reduced its stake in McDonald's Co. (NYSE:MCD - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,016,570 shares of the fast-food giant's stock after selling 1,066,324 shares during the period. McDonald's accounts for 0.7% of Wellington Management Group LLP's portfolio, making the stock its 20th largest position. Wellington Management Group LLP owned approximately 1.96% of McDonald's worth $4,063,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of McDonald's in the 4th quarter worth approximately $2,725,190,000. Raymond James Financial Inc. purchased a new stake in shares of McDonald's in the 4th quarter worth about $703,074,000. Proficio Capital Partners LLC lifted its position in McDonald's by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after acquiring an additional 589,359 shares during the period. Vanguard Group Inc. increased its stake in shares of McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of McDonald's by 518.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock valued at $100,916,000 after purchasing an additional 291,802 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,996 shares of company stock valued at $8,897,534. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Wedbush raised their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Bank of America upped their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $323.61.

McDonald's Stock Performance

Shares of MCD traded up $1.20 during mid-day trading on Tuesday, reaching $313.57. The stock had a trading volume of 2,411,214 shares, compared to its average volume of 3,499,388. The firm has a market cap of $224.03 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The business has a fifty day moving average of $302.16 and a 200 day moving average of $298.35.

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, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm 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. This represents a $7.08 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Monday, March 3rd. 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.