Los Angeles Capital Management LLC decreased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,433 shares of the fast-food giant's stock after selling 5,507 shares during the quarter. Los Angeles Capital Management LLC's holdings in McDonald's were worth $2,155,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of McDonald's by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock worth $244,174,000 after purchasing an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of McDonald's in the third quarter valued at approximately $121,254,000. Zurich Insurance Group Ltd FI raised its position in McDonald's by 3,580.1% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant's stock worth $81,807,000 after purchasing an additional 261,350 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in McDonald's by 26,948.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant's stock worth $66,023,000 after buying an additional 226,910 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in McDonald's in the 4th quarter valued at $64,805,000. Institutional investors and hedge funds own 70.29% of the company's stock.
In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,504 shares of company stock valued at $9,897,305 over the last three months. Company insiders own 0.23% of the company's stock.
Shares of MCD opened at $309.88 on Friday. The firm has a market cap of $222.07 billion, a P/E ratio of 27.21, a PEG ratio of 3.10 and a beta of 0.74. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm's 50 day moving average price is $293.75 and its two-hundred day moving average price is $294.82.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. On average, sell-side analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. McDonald's's dividend payout ratio (DPR) is 62.16%.
MCD has been the subject of a number of recent research reports. TD Securities restated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. Loop Capital reissued a "buy" rating and set a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. Robert W. Baird raised their target price on shares of McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Barclays boosted their price target on shares of McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Finally, BMO Capital Markets increased their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and an average target price of $323.61.
Read Our Latest Stock Analysis on McDonald's
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider McDonald's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McDonald's wasn't on the list.
While McDonald's currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.