Kapstone Financial Advisors LLC Sells 4,900 Shares of McDonald’s Co. (NYSE:MCD)

Kapstone Financial Advisors LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 82.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,018 shares of the fast-food giant’s stock after selling 4,900 shares during the period. Kapstone Financial Advisors LLC’s holdings in McDonald’s were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mattern Capital Management LLC increased its stake 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 purchasing an additional 579 shares during the last quarter. Bell Bank grew its position in McDonald’s by 3.0% in the fourth 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 last quarter. Kennebec Savings Bank acquired a new position in McDonald’s during the third quarter worth about $1,394,000. YANKCOM Partnership bought a new position in shares of McDonald’s in the fourth quarter worth about $1,628,000. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 49,106 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Down 1.5 %

MCD stock opened at $303.70 on Tuesday. The firm has a market cap of $216.98 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The stock has a 50-day moving average price of $294.31 and a 200-day moving average price of $295.64. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results 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 negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

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 given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s’s payout ratio is presently 62.16%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock valued at $10,206,575 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

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.