Peloton Wealth Strategists Has $1.57 Million Stake in McDonald’s Co. (NYSE:MCD)

Peloton Wealth Strategists lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,410 shares of the fast-food giant’s stock after selling 400 shares during the quarter. Peloton Wealth Strategists’ holdings in McDonald’s were worth $1,568,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the third quarter worth about $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the fourth quarter worth about $27,000. Collier Financial acquired a new stake in shares of McDonald’s during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the third quarter worth about $31,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Barclays raised their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Citigroup increased their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Wedbush increased their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Trading Up 1.8 %

Shares of NYSE MCD opened at $309.88 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a 50 day moving average of $293.75 and a 200-day moving average of $294.82. The company has a market capitalization of $222.07 billion, a P/E ratio of 27.21, a P/E/G ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s payout ratio is 62.16%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,504 shares of company stock worth $9,897,305. Insiders own 0.23% of the company’s stock.

About McDonald’s

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, Spain, and the U.K.