Thoroughbred Financial Services LLC Sells 525 Shares of McDonald’s Co. (NYSE:MCD)

Thoroughbred Financial Services LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,856 shares of the fast-food giant’s stock after selling 525 shares during the period. Thoroughbred Financial Services LLC’s holdings in McDonald’s were worth $3,726,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MCD. Boltwood Capital Management boosted its stake in shares of McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after acquiring an additional 35 shares during the period. Pettee Investors Inc. lifted its holdings in McDonald’s by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after purchasing an additional 35 shares in the last quarter. Modus Advisors LLC lifted its holdings in McDonald’s by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after purchasing an additional 36 shares in the last quarter. Independent Wealth Network Inc. boosted its stake in McDonald’s by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after purchasing an additional 36 shares during the period. Finally, Blue Barn Wealth LLC grew its holdings in McDonald’s by 4.3% during the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $318.15 on Friday. The company has a market capitalization of $227.31 billion, a PE ratio of 27.93, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm’s 50-day moving average is $304.05 and its 200 day moving average is $298.69.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. KeyCorp boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, Barclays increased their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $323.30.

Insider Transactions at McDonald’s

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,099 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $475,176. The trade was a 41.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.