Davis Rea LTD. Sells 117 Shares of McDonald’s Co. (NYSE:MCD)

Davis Rea LTD. decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,265 shares of the fast-food giant’s stock after selling 117 shares during the quarter. McDonald’s makes up 1.1% of Davis Rea LTD.’s holdings, making the stock its 21st biggest position. Davis Rea LTD.’s holdings in McDonald’s were worth $2,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pettyjohn Wood & White Inc. increased its position in McDonald’s by 0.9% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 5,697 shares of the fast-food giant’s stock worth $1,652,000 after acquiring an additional 51 shares during the period. Parkside Financial Bank & Trust raised its stake in McDonald’s by 1.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,778 shares of the fast-food giant’s stock valued at $1,095,000 after purchasing an additional 69 shares in the last quarter. Sentinel Trust Co. LBA lifted its position in McDonald’s by 2.6% during the fourth quarter. Sentinel Trust Co. LBA now owns 8,776 shares of the fast-food giant’s stock worth $2,544,000 after purchasing an additional 224 shares during the period. Linscomb Wealth Inc. grew its stake in McDonald’s by 1.4% during the fourth quarter. Linscomb Wealth Inc. now owns 40,084 shares of the fast-food giant’s stock worth $11,620,000 after buying an additional 544 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in McDonald’s by 1.0% in the 4th quarter. QRG Capital Management Inc. now owns 49,500 shares of the fast-food giant’s stock valued at $14,350,000 after buying an additional 508 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Manuel Jm Steijaert sold 10,459 shares of McDonald’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. The trade was a 69.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,504 shares of company stock worth $9,897,305. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

MCD stock opened at $309.88 on Friday. The stock’s 50 day simple moving average is $293.75 and its 200 day simple moving average is $294.82. The company has a market cap of $222.07 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

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

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Robert W. Baird lifted their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. BMO Capital Markets upped their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Citigroup boosted their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average 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.