McDonald’s Co. (NYSE:MCD) Shares Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,279 shares of the fast-food giant’s stock after selling 65 shares during the period. Lodestar Private Asset Management LLC’s holdings in McDonald’s were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the 3rd quarter worth about $31,000. Hara Capital LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $44,000. Financial Life Planners purchased a new position in McDonald’s during the 4th quarter valued at about $49,000. Finally, Peterson Financial Group Inc. acquired a new position in McDonald’s in the 3rd quarter valued at about $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $2,150,857 over the last quarter. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCD has been the subject of several recent research reports. BMO Capital Markets raised their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America raised their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp cut their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Citigroup lifted their target price on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Ten equities 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 has an average rating of “Moderate Buy” and a consensus target price of $318.86.

McDonald’s Trading Up 1.9 %

Shares of MCD opened at $294.37 on Friday. The company’s 50 day simple moving average is $290.75 and its 200-day simple moving average is $290.37. The firm has a market cap of $210.95 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. 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. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.