McDonald’s Co. (NYSE:MCD) Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,098 shares of the fast-food giant’s stock after selling 180 shares during the quarter. McDonald’s makes up about 1.0% of Cape ANN Savings Bank’s holdings, making the stock its 22nd biggest position. Cape ANN Savings Bank’s holdings in McDonald’s were worth $1,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of McDonald’s by 8.2% in the third quarter. Allworth Financial LP now owns 35,395 shares of the fast-food giant’s stock valued at $10,778,000 after purchasing an additional 2,674 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in McDonald’s by 16.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,411 shares of the fast-food giant’s stock valued at $19,252,000 after buying an additional 9,644 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in McDonald’s by 32.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,826 shares of the fast-food giant’s stock valued at $861,000 after buying an additional 686 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in McDonald’s by 3.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 2,553 shares of the fast-food giant’s stock valued at $777,000 after buying an additional 74 shares during the period. Finally, Modera Wealth Management LLC raised its position in McDonald’s by 27.8% during the 3rd quarter. Modera Wealth Management LLC now owns 26,268 shares of the fast-food giant’s stock worth $7,999,000 after buying an additional 5,717 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.6 %

NYSE MCD opened at $304.76 on Monday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The business has a fifty day moving average of $292.61 and a 200-day moving average of $294.10. The stock has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,106 shares of company stock worth $6,382,112. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on MCD shares. Barclays lifted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Morgan Stanley lifted their price objective on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Citigroup lifted their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Bank of America increased their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

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.