44 Wealth Management LLC cut its holdings in McDonald’s Co. (NYSE:MCD – Free Report) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,729 shares of the fast-food giant’s stock after selling 279 shares during the period. McDonald’s accounts for 1.1% of 44 Wealth Management LLC’s holdings, making the stock its 19th biggest holding. 44 Wealth Management LLC’s holdings in McDonald’s were worth $2,820,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in MCD. Clear Creek Financial Management LLC lifted its position in shares of McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after acquiring an additional 35 shares in the last quarter. GDS Wealth Management lifted its position in shares of McDonald’s by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after acquiring an additional 35 shares in the last quarter. Boltwood Capital Management lifted its position in McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares in the last quarter. McAdam LLC lifted its position in McDonald’s by 1.7% during the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after buying an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc lifted its position in McDonald’s by 1.3% during the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after buying an additional 36 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.
McDonald’s Price Performance
Shares of NYSE MCD opened at $304.76 on Friday. The company has a market capitalization of $218.40 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The business has a 50-day moving average of $292.61 and a two-hundred day moving average of $293.76. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.
McDonald’s Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.
Insider Activity
In related news, EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 completion of the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,205 shares of company stock valued at $6,703,569. Insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on MCD. Robert W. Baird lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. TD Cowen reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. BMO Capital Markets lifted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Wedbush raised their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten 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, McDonald’s has an average rating of “Moderate Buy” and an average target price of $323.61.
Read Our Latest Stock Report on McDonald’s
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.
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