LSV Asset Management lowered its stake in shares of McDonald's Co. (NYSE:MCD) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,900 shares of the fast-food giant’s stock after selling 600 shares during the quarter. LSV Asset Management’s holdings in McDonald's were worth $499,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Front Row Advisors LLC acquired a new position in shares of McDonald's during the fourth quarter worth approximately $651,000. Taylor Wealth Management Partners lifted its holdings in shares of McDonald's by 5,015.3% during the fourth quarter. Taylor Wealth Management Partners now owns 14,732 shares of the fast-food giant’s stock worth $2,536,000 after buying an additional 14,444 shares during the last quarter. Private Wealth Partners LLC lifted its holdings in shares of McDonald's by 4.4% during the fourth quarter. Private Wealth Partners LLC now owns 21,127 shares of the fast-food giant’s stock worth $3,636,000 after buying an additional 900 shares during the last quarter. Miles Capital Inc. acquired a new position in shares of McDonald's during the fourth quarter worth approximately $203,000. Finally, Dean Capital Investments Management LLC acquired a new position in shares of McDonald's during the fourth quarter worth approximately $299,000. 68.59% of the stock is owned by hedge funds and other institutional investors.
McDonald's Co. (NYSE:MCD) opened at $162.36 on Friday. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. McDonald's Co. has a 12 month low of $128.18 and a 12 month high of $178.70. The stock has a market capitalization of $128,994.70, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.49%. McDonald's’s dividend payout ratio is currently 63.52%.
A number of research analysts have recently commented on the company. BMO Capital Markets reiterated a “buy” rating and set a $190.00 price target on shares of McDonald's in a report on Monday, March 12th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $182.00 price target on shares of McDonald's in a report on Monday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $170.00 price target on shares of McDonald's in a report on Monday, March 12th. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $175.00 price target (down from $191.00) on shares of McDonald's in a report on Tuesday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $183.02.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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McDonald's Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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