McDonald’s Co. (NYSE:MCD) Shares Sold by GGM Financials LLC

GGM Financials LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 10.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,456 shares of the fast-food giant’s stock after selling 288 shares during the period. McDonald’s accounts for approximately 0.8% of GGM Financials LLC’s investment portfolio, making the stock its 27th biggest holding. GGM Financials LLC’s holdings in McDonald’s were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in shares of McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after buying an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake 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 acquiring an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in McDonald’s in the third quarter valued at $121,254,000. Zurich Insurance Group Ltd FI boosted its stake in McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after acquiring an additional 261,350 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew 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 purchasing an additional 226,910 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

McDonald’s stock opened at $294.39 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market cap of $210.97 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The business has a fifty day moving average of $290.70 and a two-hundred day moving average of $290.89.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

MCD has been the subject of several research reports. BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Wedbush reissued an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $318.86.

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, Russia, Spain, and the U.K.