WR Wealth Planners LLC Decreases Stake in McDonald’s Co. (NYSE:MCD)

WR Wealth Planners LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,493 shares of the fast-food giant’s stock after selling 35 shares during the period. WR Wealth Planners LLC’s holdings in McDonald’s were worth $723,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mattern Capital Management LLC boosted its position in shares of McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank boosted its position in shares of McDonald’s by 3.0% in the 4th 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 in the last quarter. Kennebec Savings Bank purchased a new stake in shares of McDonald’s in the 3rd quarter worth about $1,394,000. YANKCOM Partnership purchased a new stake in shares of McDonald’s in the 4th quarter worth about $1,628,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Wedbush boosted their price objective on shares of 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 shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler decreased 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, February 4th. Finally, Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This trade represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

NYSE MCD opened at $308.17 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a 50-day moving average of $294.06 and a 200-day moving average of $295.09. The company has a market cap of $220.84 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The firm also recently announced 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 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

McDonald’s Company 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.