CreativeOne Wealth LLC Sells 430 Shares of McDonald’s Co. (NYSE:MCD)

CreativeOne Wealth LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,944 shares of the fast-food giant’s stock after selling 430 shares during the period. CreativeOne Wealth LLC’s holdings in McDonald’s were worth $2,883,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of McDonald’s during the fourth quarter valued at about $2,725,190,000. Raymond James Financial Inc. purchased a new stake in McDonald’s in the 4th quarter valued at about $703,074,000. Franklin Resources Inc. lifted its position in shares of McDonald’s by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after buying an additional 794,536 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of McDonald’s by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock worth $179,715,000 after buying an additional 602,976 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in shares of McDonald’s by 43,591.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after acquiring an additional 589,359 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,497 shares of company stock valued at $8,461,400. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on MCD shares. Citigroup dropped their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Bank of America boosted their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. BMO Capital Markets boosted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Barclays increased their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.87.

McDonald’s Price Performance

MCD opened at $316.12 on Tuesday. The firm has a market capitalization of $225.86 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company has a fifty day moving average price of $306.66 and a 200-day moving average price of $299.09.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is currently 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.