McDonald’s Co. (NYSE:MCD) Shares Sold by RKL Wealth Management LLC

RKL Wealth Management LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,841 shares of the fast-food giant’s stock after selling 264 shares during the period. RKL Wealth Management LLC’s holdings in McDonald’s were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Mattern Capital Management LLC increased its position in shares of McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares during the period. Bell Bank increased its position in shares of McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after acquiring an additional 371 shares during the period. Kennebec Savings Bank acquired a new position in shares of McDonald’s in the 3rd quarter valued at $1,394,000. YANKCOM Partnership acquired a new position in shares of McDonald’s in the 4th quarter valued at $1,628,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. KeyCorp upped their price target 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. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Morgan Stanley upped their price target on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Citigroup upped their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Barclays upped their price target 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. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Up 3.6 %

Shares of McDonald’s stock opened at $321.52 on Friday. The firm has a market capitalization of $229.71 billion, a PE ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $323.17. The firm’s 50-day moving average price is $295.69 and its 200 day moving average price is $296.25.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting 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, sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 2.20%. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. Insiders own 0.23% of the company’s stock.

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.