Consolidated Planning Corp Has $935,000 Position in McDonald’s Co. (NYSE:MCD)

Consolidated Planning Corp reduced its stake in McDonald’s Co. (NYSE:MCD) by 6.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,153 shares of the fast-food giant’s stock after selling 220 shares during the period. Consolidated Planning Corp’s holdings in McDonald’s were worth $935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its position 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 purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC bought a new position in McDonald’s in the 4th quarter valued at approximately $39,000. Bear Mountain Capital Inc. bought a new position in McDonald’s in the 4th quarter valued at approximately $43,000. Finally, Mendota Financial Group LLC bought a new position in McDonald’s in the 4th quarter valued at approximately $50,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

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 transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 sale, the insider now 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 SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated 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 sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TD Cowen reissued a “buy” rating and set a $325.00 target price on shares of McDonald’s in a research report on Wednesday, April 10th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Robert W. Baird reissued an “outperform” rating and set a $315.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Bank of America increased their target price 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, Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Nine 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 a consensus rating of “Moderate Buy” and an average price target of $318.41.

McDonald’s Stock Down 0.9 %

NYSE:MCD traded down $2.51 during trading hours on Friday, hitting $273.09. 3,636,458 shares of the company traded hands, compared to its average volume of 3,338,426. The firm’s 50-day simple moving average is $281.68 and its 200-day simple moving average is $281.53. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The company has a market cap of $196.90 billion, a PE ratio of 23.61, a PEG ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $2.59 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Announces Dividend

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

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.