Weatherly Asset Management L. P. Sells 74 Shares of McDonald’s Co. (NYSE:MCD)

Weatherly Asset Management L. P. lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,691 shares of the fast-food giant’s stock after selling 74 shares during the period. Weatherly Asset Management L. P.’s holdings in McDonald’s were worth $1,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its position 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 valued at $706,202,000 after buying an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $121,254,000. Zurich Insurance Group Ltd FI grew its position in shares of McDonald’s by 3,580.1% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after buying an additional 261,350 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew 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 valued at $66,023,000 after buying an additional 226,910 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 over the last three months. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 4.7 %

Shares of McDonald’s stock opened at $308.22 on Tuesday. The company has a market cap of $220.88 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The business has a 50 day moving average price of $290.70 and a 200-day moving average price of $291.16.

McDonald’s (NYSE:MCD) last released its 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 anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Dividend Announcement

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 issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

A number of research firms have commented on MCD. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. KeyCorp cut their target price 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. Finally, Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.13.

McDonald’s Company 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.