Los Angeles Capital Management LLC Sells 65,724 Shares of McDonald’s Co. (NYSE:MCD)

Los Angeles Capital Management LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 11.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 520,935 shares of the fast-food giant’s stock after selling 65,724 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of McDonald’s worth $154,462,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MCD. International Assets Investment Management LLC lifted its holdings in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of McDonald’s in the third quarter worth about $192,165,000. AMF Tjanstepension AB raised its stake in shares of McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after acquiring an additional 602,707 shares during the last quarter. Barclays PLC raised its stake in shares of McDonald’s by 16.7% in the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after acquiring an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC raised its stake in shares of McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after acquiring an additional 370,699 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD traded down $0.08 during mid-day trading on Thursday, hitting $274.35. 1,571,571 shares of the stock were exchanged, compared to its average volume of 3,310,916. The stock has a market capitalization of $197.81 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. The firm’s 50-day simple moving average is $280.53 and its 200 day simple moving average is $282.27. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 earnings per share. On average, analysts predict that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.43%. McDonald’s’s dividend payout ratio is presently 56.71%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MCD shares. JPMorgan Chase & Co. dropped their price target on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays decreased their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Royal Bank of Canada decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, KeyCorp cut their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $316.63.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.