LMG Wealth Partners LLC Has $5.36 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

LMG Wealth Partners LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,479 shares of the fast-food giant’s stock after buying an additional 401 shares during the period. LMG Wealth Partners LLC’s holdings in McDonald’s were worth $5,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC boosted its position in McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after acquiring an additional 35 shares during the last quarter. GDS Wealth Management raised its position in shares of McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after acquiring an additional 35 shares in the last quarter. Boltwood Capital Management lifted its stake in shares of McDonald’s by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after purchasing an additional 35 shares during the period. McAdam LLC boosted its position in shares of McDonald’s by 1.7% during the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after purchasing an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc grew its stake in McDonald’s by 1.3% during the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $301.71 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a 50-day moving average price of $292.32 and a two-hundred day moving average price of $293.44. The firm has a market cap of $216.21 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.16 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 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared 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 is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.35%. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were 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 approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,106 shares of company stock worth $6,368,814. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Citigroup lifted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays increased their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Wedbush raised their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.61.

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, Spain, and the U.K.