Vest Financial LLC Trims Holdings in McDonald’s Co. (NYSE:MCD)

Vest Financial LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,955 shares of the fast-food giant’s stock after selling 367 shares during the quarter. McDonald’s comprises about 1.0% of Vest Financial LLC’s portfolio, making the stock its 25th biggest position. Vest Financial LLC’s holdings in McDonald’s were worth $56,226,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MCD. Geode Capital Management LLC boosted its stake in McDonald’s by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP increased its stake in McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after buying an additional 128,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares in the last quarter. Janus Henderson Group PLC boosted its stake in McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock worth $841,966,000 after buying an additional 19,867 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the company’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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. KeyCorp cut their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, BMO Capital Markets lifted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $318.86.

McDonald’s Trading Up 0.0 %

Shares of McDonald’s stock opened at $294.39 on Friday. The stock has a market capitalization of $210.97 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a fifty day simple moving average of $290.73 and a 200-day simple moving average of $290.40.

McDonald’s Dividend Announcement

The business 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 $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

McDonald’s Company Profile

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.