Lakeshore Financial Planning Inc. Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Lakeshore Financial Planning Inc. raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,527 shares of the fast-food giant’s stock after acquiring an additional 47 shares during the period. McDonald’s comprises approximately 0.3% of Lakeshore Financial Planning Inc.’s portfolio, making the stock its 23rd biggest 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 made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $25,000. Atala Financial Inc bought a new position in McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s during the 4th quarter worth $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its position in McDonald’s by 110.0% during 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 in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Bank of America boosted their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, KeyCorp upped their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $323.39.

McDonald’s Stock Up 0.1 %

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

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

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

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s 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 directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock valued at $10,206,575 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s 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.