Liberty Capital Management Inc. Sells 88 Shares of McDonald’s Co. (NYSE:MCD)

Liberty Capital Management Inc. decreased its position in McDonald’s Co. (NYSE:MCD) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,034 shares of the fast-food giant’s stock after selling 88 shares during the quarter. McDonald’s makes up 1.2% of Liberty Capital Management Inc.’s portfolio, making the stock its 25th biggest position. Liberty Capital Management Inc.’s holdings in McDonald’s were worth $5,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of McDonald’s during the third quarter valued at approximately $121,254,000. Zurich Insurance Group Ltd FI lifted its holdings in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after purchasing an additional 261,350 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in shares of McDonald’s by 26,948.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after purchasing an additional 226,910 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, 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. Over the last quarter, insiders sold 7,406 shares of company stock valued at $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.0 %

Shares of MCD stock opened at $294.39 on Monday. The company has a 50 day simple moving average of $290.70 and a two-hundred day simple moving average of $290.89. The stock has a market cap of $210.97 billion, a P/E ratio of 25.85, a P/E/G ratio of 4.08 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. 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 is currently 62.16%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MCD. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Bank of America increased their price objective 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 decreased their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, BMO Capital Markets increased their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $318.86.

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.