McDonald’s Co. (NYSE:MCD) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 7.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,316 shares of the fast-food giant’s stock after selling 1,077 shares during the period. SlateStone Wealth LLC’s holdings in McDonald’s were worth $3,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC lifted its position in McDonald’s by 51.9% during the 3rd 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 McDonald’s during the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $39,000. Bear Mountain Capital Inc. purchased a new stake in McDonald’s during the 4th quarter worth approximately $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in McDonald’s during the 3rd quarter worth approximately $45,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. UBS Group dropped their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Finally, Morgan Stanley lowered their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

Insider Transactions at McDonald’s

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

McDonald’s Stock Performance

Shares of MCD stock opened at $274.45 on Wednesday. The firm has a market capitalization of $197.88 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. The stock has a fifty day moving average of $282.61 and a two-hundred day moving average of $281.45. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’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 earnings per share. Equities research analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

McDonald’s 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.