Parcion Private Wealth LLC Purchases 450 Shares of McDonald’s Co. (NYSE:MCD)

Parcion Private Wealth LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,270 shares of the fast-food giant’s stock after purchasing an additional 450 shares during the quarter. Parcion Private Wealth LLC’s holdings in McDonald’s were worth $6,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kennebec Savings Bank bought a new stake in McDonald’s in the third quarter worth $1,394,000. YANKCOM Partnership purchased a new position in shares of McDonald’s in the fourth quarter worth $1,628,000. Charles Schwab Investment Management Inc. raised its stake in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after purchasing an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of McDonald’s in the fourth quarter worth $2,471,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on MCD shares. JPMorgan Chase & Co. upped their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Wedbush upped their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Finally, Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

Shares of MCD stock opened at $301.71 on Thursday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock’s 50 day simple moving average is $292.32 and its two-hundred day simple moving average is $293.44. The company has a market cap of $216.21 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.12 and a beta of 0.74.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s payout ratio is 62.16%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,106 shares of company stock worth $6,368,814. 0.23% of the stock is currently owned by company 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.