SlateStone Wealth LLC Has $4.43 Million Holdings in McDonald’s Co. (NYSE:MCD)

SlateStone Wealth LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,290 shares of the fast-food giant’s stock after acquiring an additional 783 shares during the period. SlateStone Wealth LLC’s holdings in McDonald’s were worth $4,433,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. GWN Securities Inc. bought a new position in McDonald’s in the fourth quarter valued at approximately $1,933,000. Van Hulzen Asset Management LLC increased its holdings in McDonald’s by 2.1% during the fourth quarter. Van Hulzen Asset Management LLC now owns 103,389 shares of the fast-food giant’s stock worth $29,961,000 after buying an additional 2,143 shares during the last quarter. Patten & Patten Inc. TN increased its holdings in McDonald’s by 4.6% during the fourth quarter. Patten & Patten Inc. TN now owns 9,287 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 405 shares during the last quarter. Facet Wealth Inc. increased its holdings in shares of McDonald’s by 7.8% in the fourth quarter. Facet Wealth Inc. now owns 884 shares of the fast-food giant’s stock valued at $260,000 after purchasing an additional 64 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of McDonald’s by 3.6% in the fourth quarter. Harbour Investments Inc. now owns 16,528 shares of the fast-food giant’s stock valued at $4,791,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. TD Securities reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. 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 note on Tuesday, February 11th. Finally, Morgan Stanley increased their target price on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Price Performance

MCD opened at $300.00 on Friday. The business has a 50 day simple moving average of $296.96 and a 200-day simple moving average of $296.84. The stock has a market capitalization of $214.34 billion, a P/E ratio of 26.34, 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.

McDonald’s (NYSE:MCD) last released its 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%. Research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’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 transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 in the last three months. 0.23% of the stock is owned by company insiders.

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.