McDonald’s Co. (NYSE:MCD) Shares Sold by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,082 shares of the fast-food giant’s stock after selling 45 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in McDonald’s were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MCD. Steigerwald Gordon & Koch Inc. grew its position in shares of McDonald’s by 2.4% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after acquiring an additional 33 shares during the last quarter. Riversedge Advisors LLC grew its position in McDonald’s by 2.0% in the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after buying an additional 33 shares during the last quarter. Proquility Private Wealth Partners LLC grew its position in McDonald’s by 1.0% in the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after buying an additional 35 shares during the last quarter. Clear Creek Financial Management LLC grew its position in McDonald’s by 2.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after buying an additional 35 shares during the last quarter. Finally, GDS Wealth Management grew its position in McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 1.9 %

NYSE:MCD opened at $294.37 on Friday. The company has a market capitalization of $210.95 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a fifty day simple moving average of $290.75 and a 200-day simple moving average of $290.37.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Evercore ISI lifted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Citigroup raised their target price on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley reduced their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $318.86.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.