McDonald's Co. (NYSE:MCD) Stock Position Lowered by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its stake in McDonald's Co. (NYSE:MCD - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,893 shares of the fast-food giant's stock after selling 922 shares during the quarter. OneDigital Investment Advisors LLC's holdings in McDonald's were worth $13,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atala Financial Inc purchased a new stake in shares of McDonald's during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the 4th quarter valued at $27,000. Collier Financial purchased a new position in shares of McDonald's during the 4th quarter worth $29,000. Fairway Wealth LLC grew its position in shares of McDonald's by 110.0% in the fourth 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 period. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald's during the fourth quarter worth about $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on MCD shares. Loop Capital reiterated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday. Bank of America boosted their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Robert W. Baird decreased their target price on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, KeyCorp raised their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $322.74.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction 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. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is currently owned by company insiders.

McDonald's Stock Performance

Shares of McDonald's stock traded up $0.38 during trading hours on Friday, reaching $316.60. The company's stock had a trading volume of 2,282,688 shares, compared to its average volume of 3,573,585. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The company's 50 day simple moving average is $308.18 and its 200 day simple moving average is $299.80. The stock has a market cap of $226.20 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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 predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced 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 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 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.