Klingenstein Fields & Co. LP Has $1.26 Million Stake in McDonald’s Co. (NYSE:MCD)

Klingenstein Fields & Co. LP decreased its stake in McDonald’s Co. (NYSE:MCD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,336 shares of the fast-food giant’s stock after selling 54 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in McDonald’s were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its holdings in shares of McDonald’s by 1.7% in the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock worth $765,000 after acquiring an additional 42 shares in the last quarter. Creative Planning grew its stake in McDonald’s by 1.4% in the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock valued at $100,311,000 after purchasing an additional 4,480 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in McDonald’s by 1.9% in the third quarter. Wolff Wiese Magana LLC now owns 3,951 shares of the fast-food giant’s stock valued at $1,203,000 after purchasing an additional 75 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in McDonald’s by 5.5% in the third quarter. Physician Wealth Advisors Inc. now owns 1,865 shares of the fast-food giant’s stock valued at $584,000 after purchasing an additional 98 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in McDonald’s by 3.5% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,490 shares of the fast-food giant’s stock valued at $3,803,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCD. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Morgan Stanley raised their price objective on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s 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 sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on 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 in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,906 shares of company stock worth $5,406,382 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $309.99 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The business’s fifty day moving average is $291.58 and its 200-day moving average is $292.08. The firm has a market cap of $222.15 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. As a group, research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

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, Russia, Spain, and the U.K.