Private Wealth Partners LLC Reduces Stock Position in McDonald’s Co. (NYSE:MCD)

Private Wealth Partners LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,848 shares of the fast-food giant’s stock after selling 270 shares during the quarter. Private Wealth Partners LLC’s holdings in McDonald’s were worth $3,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in McDonald’s by 21.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 140,807 shares of the fast-food giant’s stock worth $42,877,000 after buying an additional 24,787 shares during the period. Copeland Capital Management LLC purchased a new stake in McDonald’s in the third quarter worth $127,000. Calton & Associates Inc. bought a new stake in McDonald’s in the third quarter valued at $200,000. Pictet North America Advisors SA increased its position in McDonald’s by 0.9% during the 3rd quarter. Pictet North America Advisors SA now owns 48,121 shares of the fast-food giant’s stock valued at $14,653,000 after purchasing an additional 435 shares during the period. Finally, Alexander Labrunerie & CO. Inc. bought a new position in McDonald’s in the 3rd quarter worth $315,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on 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 owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,106 shares of company stock valued at $6,368,814 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $301.71 on Thursday. The firm has a market cap of $216.21 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.16 and a beta of 0.74. The business has a 50-day simple moving average of $292.32 and a two-hundred day simple moving average of $293.44. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting 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 predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid 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 2.35%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Citigroup lifted their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Truist Financial decreased their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Wedbush boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

About McDonald’s

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.