K.J. Harrison & Partners Inc Cuts Holdings in McDonald’s Co. (NYSE:MCD)

K.J. Harrison & Partners Inc decreased its position in McDonald’s Co. (NYSE:MCD) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,310 shares of the fast-food giant’s stock after selling 490 shares during the period. McDonald’s accounts for 1.0% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 28th biggest holding. K.J. Harrison & Partners Inc’s holdings in McDonald’s were worth $5,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Bell Private Wealth Management LLC increased its position in shares of McDonald’s by 51.9% during the 3rd 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 during the last quarter. Spartan Planning & Wealth Management purchased a new position in McDonald’s in the third quarter valued at approximately $33,000. Keener Financial Planning LLC bought a new position in McDonald’s during the fourth quarter valued at $39,000. Bear Mountain Capital Inc. purchased a new stake in McDonald’s in the fourth quarter worth $43,000. Finally, Mendota Financial Group LLC purchased a new stake in McDonald’s in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the 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 completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.9 %

MCD traded down $2.48 during trading on Friday, hitting $273.12. 3,636,002 shares of the company’s stock were exchanged, compared to its average volume of 3,270,924. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a 50 day moving average price of $281.68 and a 200 day moving average price of $281.53. The firm has a market cap of $196.92 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share 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 the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 earnings per share. Analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. McDonald’s’s dividend payout ratio is presently 57.74%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird reissued an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Citigroup cut their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Finally, Stifel Nicolaus cut their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $318.69.

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.