Schrum Private Wealth Management LLC Sells 3,182 Shares of McDonald’s Co. (NYSE:MCD)

Schrum Private Wealth Management LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 54.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,610 shares of the fast-food giant’s stock after selling 3,182 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in McDonald’s were worth $757,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vestmark Advisory Solutions Inc. raised its holdings in shares of McDonald’s by 19.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 7,570 shares of the fast-food giant’s stock valued at $2,194,000 after purchasing an additional 1,243 shares during the last quarter. Blue Barn Wealth LLC grew its stake in McDonald’s by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after purchasing an additional 36 shares in the last quarter. Ethos Financial Group LLC grew its stake in McDonald’s by 35.1% in the fourth quarter. Ethos Financial Group LLC now owns 4,220 shares of the fast-food giant’s stock valued at $1,223,000 after purchasing an additional 1,097 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $703,074,000. Finally, Vision Financial Markets LLC acquired a new position in McDonald’s during the fourth quarter worth $914,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on MCD shares. KeyCorp increased their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup lifted their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price objective on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Finally, BMO Capital Markets increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the 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.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’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 completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 32,756 shares of the company’s stock, 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 quarter, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.6 %

Shares of McDonald’s stock opened at $307.58 on Thursday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market capitalization of $219.75 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm’s 50 day moving average is $294.82 and its 200 day moving average is $295.91.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

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.