McDonald’s Co. (NYSE:MCD) Stake Lessened by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,627 shares of the fast-food giant’s stock after selling 992 shares during the quarter. McDonald’s accounts for 3.5% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 12th biggest holding. Cambridge Financial Group Inc.’s holdings in McDonald’s were worth $7,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in MCD. Signature Resources Capital Management LLC bought a new stake in McDonald’s in the fourth quarter worth about $31,000. Blue Bell Private Wealth Management LLC boosted its holdings in McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in McDonald’s in the third quarter worth approximately $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s in the fourth quarter valued at $39,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of McDonald’s during the 4th quarter worth $43,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

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

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Barclays decreased their target price 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. KeyCorp cut their price target on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday. Truist Financial decreased their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Citigroup cut their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $317.74.

McDonald’s Trading Down 1.1 %

NYSE:MCD traded down $2.96 during mid-day trading on Friday, hitting $270.32. 2,642,344 shares of the company’s stock traded hands, compared to its average volume of 3,812,742. The firm has a 50 day moving average of $279.53 and a two-hundred day moving average of $282.35. The firm has a market capitalization of $194.90 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during 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 company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.63 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared 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 2.47%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

McDonald’s Company 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.