McDonald's Co. (NYSE:MCD) Shares Sold by Centerstone Investors LLC

Centerstone Investors LLC lowered its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,963 shares of the fast-food giant's stock after selling 2,292 shares during the period. McDonald's accounts for 2.5% of Centerstone Investors LLC's investment portfolio, making the stock its 16th biggest position. Centerstone Investors LLC's holdings in McDonald's were worth $1,729,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of McDonald's during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's during the fourth quarter worth approximately $27,000. Collier Financial purchased a new position in McDonald's during the fourth quarter worth approximately $29,000. Fairway Wealth LLC boosted its holdings in shares of McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald's in the 4th quarter valued at $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Morgan Stanley dropped their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Citigroup boosted their target price on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Robert W. Baird increased their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Stock Down 0.7%

Shares of MCD opened at $314.28 on Friday. The firm has a market cap of $224.72 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 3.10 and a beta of 0.57. The business's 50 day moving average is $311.46 and its two-hundred day moving average is $301.32. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The business's revenue was down 3.5% compared to the same quarter last year. On average, equities analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling at McDonald's

In related news, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now owns 4,606 shares in the company, valued at $1,421,918.26. The trade was a 69.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's 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 transaction, the insider now owns 13,978 shares of the company's stock, valued at approximately $4,263,290. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,337 shares of company stock worth $4,123,534 over the last quarter. 0.25% of the stock is owned by corporate insiders.

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.

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