Lodestone Wealth Management LLC Acquires 93 Shares of McDonald’s Co. (NYSE:MCD)

Lodestone Wealth Management LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,422 shares of the fast-food giant’s stock after buying an additional 93 shares during the period. Lodestone Wealth Management LLC’s holdings in McDonald’s were worth $702,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter worth about $27,000. Collier Financial bought a new stake in shares of McDonald’s in the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth about $31,000. Finally, Hara Capital LLC bought a new position in McDonald’s during the 3rd quarter valued at about $44,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of MCD opened at $308.59 on Friday. The company has a 50 day moving average price of $291.78 and a 200-day moving average price of $292.20. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market capitalization of $221.14 billion, a PE ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Equities research analysts forecast that McDonald’s Co. will post 11.73 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 given 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 yield of 2.29%. McDonald’s’s payout ratio is 62.16%.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on 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 owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,906 shares of company stock valued at $5,406,382 over the last 90 days. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. 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. 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. Wells Fargo & Company upped their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s 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.