Private Wealth Partners LLC Sells 710 Shares of McDonald’s Co. (NYSE:MCD)

Private Wealth Partners LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,734 shares of the fast-food giant’s stock after selling 710 shares during the quarter. Private Wealth Partners LLC’s holdings in McDonald’s were worth $4,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its stake in McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s during the third quarter valued at about $33,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s during the fourth quarter valued at about $39,000. Bear Mountain Capital Inc. acquired a new position in shares of McDonald’s during the fourth quarter valued at about $43,000. Finally, Mendota Financial Group LLC acquired a new position in shares of McDonald’s during the fourth quarter valued at about $50,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCD. TD Cowen reiterated a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a report on Wednesday, April 10th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Stifel Nicolaus cut their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Evercore ISI restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $318.41.

McDonald’s Trading Down 0.9 %

Shares of NYSE MCD traded down $2.51 during midday trading on Friday, hitting $273.09. The company’s stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. The stock has a fifty day moving average price of $281.68 and a 200 day moving average price of $281.74. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market capitalization of $196.90 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. McDonald’s’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.59 EPS. On average, equities research analysts predict that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

About McDonald’s

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.