McDonald’s Co. (NYSE:MCD) Shares Sold by IFG Advisory LLC

IFG Advisory LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 4.3% in the fourth quarter, Holdings Channel reports. The firm owned 14,999 shares of the fast-food giant’s stock after selling 669 shares during the period. IFG Advisory LLC’s holdings in McDonald’s were worth $4,447,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. S.A. Mason LLC boosted its position in shares of McDonald’s by 8.0% in the 4th quarter. S.A. Mason LLC now owns 3,007 shares of the fast-food giant’s stock worth $891,000 after purchasing an additional 222 shares in the last quarter. Columbia Trust Co 01012016 boosted its position in shares of McDonald’s by 11.6% in the 4th quarter. Columbia Trust Co 01012016 now owns 6,497 shares of the fast-food giant’s stock worth $1,926,000 after purchasing an additional 673 shares in the last quarter. OmniStar Financial Group Inc. boosted its position in shares of McDonald’s by 4.6% in the 4th quarter. OmniStar Financial Group Inc. now owns 2,889 shares of the fast-food giant’s stock worth $857,000 after purchasing an additional 127 shares in the last quarter. Gemmer Asset Management LLC lifted its position in McDonald’s by 12.8% during the 4th quarter. Gemmer Asset Management LLC now owns 1,029 shares of the fast-food giant’s stock worth $305,000 after acquiring an additional 117 shares during the period. Finally, Viking Fund Management LLC lifted its position in McDonald’s by 50.0% during the 4th quarter. Viking Fund Management LLC now owns 6,000 shares of the fast-food giant’s stock worth $1,779,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCD. Truist Financial lowered their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Barclays lowered their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Bank of America lifted their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday. Eight analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.60.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company’s stock.

McDonald’s Trading Up 1.2 %

NYSE:MCD opened at $282.02 on Thursday. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a 50 day moving average of $290.82 and a two-hundred day moving average of $280.92. The firm has a market cap of $203.63 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.59 earnings per share. On average, research analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.