Lakeshore Financial Planning Inc. Has $733,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Lakeshore Financial Planning Inc. raised its holdings in McDonald’s Co. (NYSE:MCD) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,527 shares of the fast-food giant’s stock after acquiring an additional 47 shares during the quarter. McDonald’s makes up about 0.3% of Lakeshore Financial Planning Inc.’s portfolio, making the stock its 23rd largest holding. Lakeshore Financial Planning Inc.’s holdings in McDonald’s were worth $733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Boltwood Capital Management lifted its position in McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares during the period. Pettee Investors Inc. grew its stake in shares of McDonald’s by 0.7% in the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock valued at $1,566,000 after buying an additional 35 shares in the last quarter. Modus Advisors LLC grew its stake in McDonald’s by 0.4% during the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after purchasing an additional 36 shares in the last quarter. Independent Wealth Network Inc. grew its position in shares of McDonald’s by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after acquiring an additional 36 shares in the last quarter. Finally, Blue Barn Wealth LLC grew its position in shares of McDonald’s by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after acquiring an additional 36 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.1 %

Shares of MCD stock opened at $307.18 on Friday. The company’s fifty day moving average price is $298.30 and its 200-day moving average price is $297.26. The stock has a market cap of $219.47 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting 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 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last three months. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MCD. Barclays lifted their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday. Bank of America boosted their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

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.