Allegis Investment Advisors LLC trimmed its position in McDonald's Co. (NYSE:MCD) by 51.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,798 shares of the fast-food giant’s stock after selling 10,378 shares during the period. Allegis Investment Advisors LLC’s holdings in McDonald's were worth $1,686,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. acquired a new stake in McDonald's during the 2nd quarter valued at $322,000. Tarbox Family Office Inc. increased its stake in shares of McDonald's by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after acquiring an additional 328 shares during the last quarter. Horan Capital Management acquired a new position in shares of McDonald's in the fourth quarter worth $110,000. Horan Capital Advisors LLC. acquired a new position in shares of McDonald's in the third quarter worth $104,000. Finally, Phocas Financial Corp. acquired a new position in shares of McDonald's in the second quarter worth $107,000. Hedge funds and other institutional investors own 68.51% of the company’s stock.
Shares of McDonald's Co. (NYSE MCD) opened at $154.98 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04. McDonald's Co. has a fifty-two week low of $128.60 and a fifty-two week high of $178.70. The stock has a market cap of $123,131.30, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is 63.52%.
In related news, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
A number of equities analysts have recently weighed in on MCD shares. ValuEngine downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Barclays set a $193.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, December 8th. Goldman Sachs set a $180.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, Piper Jaffray Companies upped their price target on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. McDonald's presently has a consensus rating of “Buy” and a consensus price target of $182.55.
ILLEGAL ACTIVITY NOTICE: “McDonald's Co. (MCD) Shares Sold by Allegis Investment Advisors LLC” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3301059/mcdonalds-co-mcd-shares-sold-by-allegis-investment-advisors-llc.html.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.