LGT Group Foundation Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

LGT Group Foundation lowered its stake in McDonald’s Co. (NYSE:MCD) by 7.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,823 shares of the fast-food giant’s stock after selling 931 shares during the period. LGT Group Foundation’s holdings in McDonald’s were worth $3,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC boosted its stake in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new stake in McDonald’s during the 3rd quarter valued at $33,000. Keener Financial Planning LLC purchased a new stake in McDonald’s during the 4th quarter valued at $39,000. Bear Mountain Capital Inc. purchased a new stake in McDonald’s during the 4th quarter valued at $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $45,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Finally, Barclays lowered their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $317.74.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 1.1 %

Shares of McDonald’s stock opened at $270.32 on Friday. The firm has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71. The business has a 50-day moving average price of $280.07 and a 200-day moving average price of $282.21. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 EPS. On average, equities analysts expect that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s payout ratio is 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.