Lipe & Dalton Sells 100 Shares of McDonald’s Co. (NYSE:MCD)

Lipe & Dalton lowered its stake in McDonald’s Co. (NYSE:MCD) by 5.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,743 shares of the fast-food giant’s stock after selling 100 shares during the period. Lipe & Dalton’s holdings in McDonald’s were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. McAdam LLC increased its stake in McDonald’s by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after acquiring an additional 36 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of McDonald’s by 0.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 144,529 shares of the fast-food giant’s stock valued at $44,011,000 after purchasing an additional 1,333 shares during the last quarter. Valicenti Advisory Services Inc. increased its stake in shares of McDonald’s by 27.9% in the 3rd quarter. Valicenti Advisory Services Inc. now owns 11,679 shares of the fast-food giant’s stock valued at $3,556,000 after purchasing an additional 2,547 shares during the last quarter. DT Investment Partners LLC increased its stake in shares of McDonald’s by 2.8% in the 3rd quarter. DT Investment Partners LLC now owns 4,610 shares of the fast-food giant’s stock valued at $1,404,000 after purchasing an additional 126 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in shares of McDonald’s by 52.4% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 5,288 shares of the fast-food giant’s stock valued at $1,610,000 after purchasing an additional 1,818 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Bank of America lifted their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Barclays boosted their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley increased their price target on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Activity

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction 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 transaction, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,205 shares of company stock valued at $6,703,569 in the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.6 %

Shares of McDonald’s stock opened at $304.76 on Friday. The firm has a market cap of $218.40 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74. The stock’s fifty day moving average price is $292.61 and its 200-day moving average price is $293.76. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last announced its 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 negative return on equity of 181.63% and a net margin of 31.73%. Analysts forecast 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. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

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.