McDonald’s Co. (NYSE:MCD) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its position in McDonald’s Co. (NYSE:MCD) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,686 shares of the fast-food giant’s stock after selling 88 shares during the period. Institute for Wealth Management LLC.’s holdings in McDonald’s were worth $1,093,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MCD. Vanguard Group Inc. grew its holdings in McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after purchasing an additional 262,147 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares during the period. Northern Trust Corp grew its holdings in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after purchasing an additional 151,161 shares during the period. Norges Bank purchased a new stake in McDonald’s in the fourth quarter valued at approximately $2,341,360,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after purchasing an additional 237,532 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MCD shares. Truist Financial lowered their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Barclays decreased their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Finally, UBS Group decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Price Performance

MCD opened at $271.99 on Friday. The stock has a market capitalization of $196.11 billion, a PE ratio of 23.51, a P/E/G ratio of 2.98 and a beta of 0.71. The firm’s fifty day moving average price is $283.10 and its 200 day moving average price is $280.72. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.59 EPS. On average, equities research analysts forecast that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.46%. McDonald’s’s dividend payout ratio is currently 57.74%.

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.