McDonald’s Co. (NYSE:MCD) Shares Sold by Opus Capital Group LLC

Opus Capital Group LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 15.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,833 shares of the fast-food giant’s stock after selling 340 shares during the quarter. Opus Capital Group LLC’s holdings in McDonald’s were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Creative Planning lifted its stake in McDonald’s by 1.4% during the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock valued at $100,311,000 after buying an additional 4,480 shares in the last quarter. Inspire Advisors LLC purchased a new stake in McDonald’s during the third quarter valued at about $222,000. Net Worth Advisory Group purchased a new stake in McDonald’s during the third quarter valued at about $649,000. Seamount Financial Group Inc. lifted its stake in McDonald’s by 3.0% during the third quarter. Seamount Financial Group Inc. now owns 2,368 shares of the fast-food giant’s stock valued at $721,000 after buying an additional 70 shares in the last quarter. Finally, AA Financial Advisors LLC lifted its stake in McDonald’s by 14.0% during the third quarter. AA Financial Advisors LLC now owns 2,400 shares of the fast-food giant’s stock valued at $731,000 after buying an additional 295 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. TD Cowen reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Citigroup upped their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Bank of America upped their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, KeyCorp upped their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’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 completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,906 shares of company stock valued at $5,406,382. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Down 0.5 %

Shares of MCD stock opened at $308.59 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market cap of $221.14 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The business’s 50 day moving average is $291.98 and its two-hundred day moving average is $292.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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, equities analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio is 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, Spain, and the U.K.