McDonald’s Co. (NYSE:MCD) Shares Sold by Northeast Investment Management

Northeast Investment Management trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,876 shares of the fast-food giant’s stock after selling 1,126 shares during the quarter. McDonald’s accounts for about 1.1% of Northeast Investment Management’s portfolio, making the stock its 28th largest position. Northeast Investment Management’s holdings in McDonald’s were worth $24,895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richard C. Young & CO. LTD. raised its holdings in shares of McDonald’s by 1.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 43,849 shares of the fast-food giant’s stock worth $12,711,000 after buying an additional 464 shares during the last quarter. Empowered Funds LLC grew its holdings in McDonald’s by 2.1% during the fourth quarter. Empowered Funds LLC now owns 55,609 shares of the fast-food giant’s stock worth $16,120,000 after acquiring an additional 1,129 shares during the period. Arlington Financial Advisors LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $554,000. D Orazio & Associates Inc. grew its stake in shares of McDonald’s by 1.6% during the 4th quarter. D Orazio & Associates Inc. now owns 2,393 shares of the fast-food giant’s stock worth $694,000 after purchasing an additional 37 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in shares of McDonald’s by 2.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 58,232 shares of the fast-food giant’s stock valued at $16,881,000 after purchasing an additional 1,245 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MCD shares. Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Wells Fargo & Company lifted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.86.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.0 %

MCD opened at $294.39 on Friday. The firm has a market cap of $210.97 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.08 and a beta of 0.74. The stock’s 50-day moving average price is $290.70 and its 200 day moving average price is $290.64. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

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, Russia, Spain, and the U.K.