Capital Wealth Planning LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Capital Wealth Planning LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773,044 shares of the fast-food giant’s stock after purchasing an additional 43,879 shares during the quarter. McDonald’s comprises approximately 2.1% of Capital Wealth Planning LLC’s portfolio, making the stock its 20th largest holding. Capital Wealth Planning LLC owned approximately 0.11% of McDonald’s worth $224,098,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MCD. Summit Wealth Partners LLC purchased a new stake in shares of McDonald’s during the 3rd quarter valued at approximately $213,000. Principal Securities Inc. raised its position in shares of McDonald’s by 3.9% during the 3rd quarter. Principal Securities Inc. now owns 10,133 shares of the fast-food giant’s stock valued at $3,086,000 after buying an additional 380 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of McDonald’s by 9.8% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,058 shares of the fast-food giant’s stock valued at $322,000 after buying an additional 94 shares during the period. Lebenthal Global Advisors LLC purchased a new stake in shares of McDonald’s during the 3rd quarter valued at approximately $203,000. Finally, Americana Partners LLC raised its position in shares of McDonald’s by 0.9% during the 3rd quarter. Americana Partners LLC now owns 4,563 shares of the fast-food giant’s stock valued at $1,389,000 after buying an additional 39 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction 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 approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several analyst reports. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Bank of America lifted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. 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. Finally, KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Trading Down 0.6 %

Shares of MCD stock opened at $308.17 on Friday. The firm has a fifty day moving average price of $294.06 and a 200 day moving average price of $295.27. The company has a market cap of $220.18 billion, a P/E ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 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%. On average, equities analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s payout ratio is currently 62.16%.

About 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.