GeoWealth Management LLC lessened its position in McDonald’s Co. (NYSE:MCD – Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,802 shares of the fast-food giant’s stock after selling 483 shares during the quarter. GeoWealth Management LLC’s holdings in McDonald’s were worth $1,392,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Atala Financial Inc acquired a new stake in shares of McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the 4th quarter worth about $27,000. Collier Financial acquired a new stake in McDonald’s during the 4th quarter worth about $29,000. Fairway Wealth LLC grew its stake in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MCD. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup lowered their price target on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. increased their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird lowered their target price on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Finally, Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $322.87.
Insiders Place Their Bets
In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the 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 owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock worth $8,461,400 in the last ninety days. Insiders own 0.23% of the company’s stock.
McDonald’s Stock Performance
NYSE MCD opened at $310.82 on Friday. The stock has a 50-day simple moving average of $307.38 and a 200 day simple moving average of $299.35. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market capitalization of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62.
McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.
McDonald’s Announces Dividend
The business also recently declared 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.
About McDonald’s
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.
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