Larson Financial Group LLC Lowers Stake in McDonald’s Co. (NYSE:MCD)

Larson Financial Group LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 28.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,601 shares of the fast-food giant’s stock after selling 1,857 shares during the period. Larson Financial Group LLC’s holdings in McDonald’s were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $27,000. Collier Financial bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $37,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Citigroup lifted their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. BMO Capital Markets boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Piper Sandler reduced their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Morgan Stanley boosted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock valued at $10,206,575 over the last three months. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Up 3.6 %

Shares of MCD opened at $321.52 on Friday. The firm has a market capitalization of $229.71 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $323.17. The firm has a fifty day moving average price of $295.69 and a 200-day moving average price of $296.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. Analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

McDonald’s Company Profile

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.