Los Angeles Capital Management LLC Has $2.16 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Los Angeles Capital Management LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 42.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,433 shares of the fast-food giant’s stock after selling 5,507 shares during the period. Los Angeles Capital Management LLC’s holdings in McDonald’s were worth $2,155,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its holdings in McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in McDonald’s in the 3rd quarter valued at $121,254,000. Zurich Insurance Group Ltd FI increased its position in McDonald’s by 3,580.1% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after buying an additional 261,350 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of McDonald’s by 26,948.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after buying an additional 226,910 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of McDonald’s in the fourth quarter valued at about $64,805,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $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 three months, insiders have sold 32,504 shares of company stock valued at $9,897,305. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

MCD stock opened at $309.88 on Friday. The stock has a market cap of $222.07 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 3.10 and a beta of 0.74. The company has a 50 day simple moving average of $293.75 and a 200 day simple moving average of $294.82. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

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

McDonald’s Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MCD shares. KeyCorp raised their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Wedbush raised their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Robert W. Baird boosted their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. BMO Capital Markets increased their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Securities reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

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, Spain, and the U.K.