McDonald’s Co. (NYSE:MCD) is Paragon Capital Management LLC’s 8th Largest Position

Paragon Capital Management LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,217 shares of the fast-food giant’s stock after selling 1,060 shares during the period. McDonald’s comprises about 4.1% of Paragon Capital Management LLC’s portfolio, making the stock its 8th largest position. Paragon Capital Management LLC’s holdings in McDonald’s were worth $7,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. United Bank grew its position in McDonald’s by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after buying an additional 218 shares during the period. Quest Partners LLC grew its position in McDonald’s by 233.8% during the third quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant’s stock valued at $473,000 after buying an additional 1,087 shares during the period. Darwin Wealth Management LLC bought a new position in McDonald’s during the third quarter worth about $212,000. Citizens Financial Group Inc. RI increased its stake in shares of McDonald’s by 10.9% in the third quarter. Citizens Financial Group Inc. RI now owns 25,203 shares of the fast-food giant’s stock worth $7,675,000 after purchasing an additional 2,477 shares in the last quarter. Finally, Cornerstone Advisors LLC increased its stake in shares of McDonald’s by 2.0% in the third quarter. Cornerstone Advisors LLC now owns 30,000 shares of the fast-food giant’s stock worth $9,135,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred 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 directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction 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. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.1 %

Shares of NYSE:MCD opened at $307.18 on Friday. The firm’s 50 day moving average price is $298.30 and its 200-day moving average price is $297.26. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market capitalization 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 (NYSE:MCD) last issued its quarterly earnings data 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 net margin of 31.73% and a negative return on equity of 181.63%. Analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MCD shares. BMO Capital Markets lifted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Morgan Stanley reduced their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Citigroup boosted their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.39.

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.