KFG Wealth Management LLC Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

KFG Wealth Management LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,739 shares of the fast-food giant’s stock after selling 801 shares during the quarter. KFG Wealth Management LLC’s holdings in McDonald’s were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its stake in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in McDonald’s in the third quarter valued at approximately $33,000. Keener Financial Planning LLC purchased a new stake in McDonald’s in the fourth quarter valued at approximately $39,000. Retirement Group LLC purchased a new stake in McDonald’s in the fourth quarter valued at approximately $37,000. Finally, Bear Mountain Capital Inc. purchased a new stake in McDonald’s in the fourth quarter valued at approximately $43,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.4 %

McDonald’s stock traded up $1.01 on Friday, hitting $271.99. 2,904,090 shares of the stock traded hands, compared to its average volume of 3,245,232. The firm has a market cap of $196.11 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71. The business’s fifty day simple moving average is $283.44 and its 200 day simple moving average is $280.62. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.59 earnings per share. As a group, analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MCD shares. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Bank of America increased their price target on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Finally, Morgan Stanley reduced their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $319.72.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company’s stock.

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.