McDonald’s Co. (NYSE:MCD) Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,120 shares of the fast-food giant’s stock after selling 318 shares during the quarter. Tradition Wealth Management LLC’s holdings in McDonald’s were worth $2,064,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Mattern Capital Management LLC increased its holdings in shares of McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank raised its holdings in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after buying an additional 371 shares during the last quarter. YANKCOM Partnership purchased a new stake in shares of McDonald’s during the fourth quarter valued at $1,628,000. Integral Investment Advisors Inc. increased its position in shares of McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after acquiring an additional 164 shares during the period. Finally, PFW Advisors LLC acquired a new stake in McDonald’s during the 4th quarter worth about $2,471,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock worth $8,461,400 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $310.82 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market cap of $222.07 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62. The stock’s 50 day simple moving average is $307.38 and its 200-day simple moving average is $299.32.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCD. KeyCorp lifted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Morgan Stanley reduced their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Wedbush increased their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $322.87.

McDonald’s 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.