McDonald’s Co. (NYSE:MCD) Shares Sold by Millington Financial Advisors LLC

Millington Financial Advisors LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,608 shares of the fast-food giant’s stock after selling 35 shares during the quarter. Millington Financial Advisors LLC’s holdings in McDonald’s were worth $466,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the 4th quarter worth about $27,000. Collier Financial purchased a new stake in McDonald’s during the fourth quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $37,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,106 shares of company stock worth $6,382,112 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. BMO Capital Markets upped their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Citigroup boosted their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Trading Up 0.8 %

Shares of McDonald’s stock opened at $307.34 on Tuesday. The company has a 50-day moving average of $292.80 and a two-hundred day moving average of $294.35. The stock has a market cap of $220.24 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last released 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 181.63% and a net margin of 31.73%. On average, sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 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.