SeaCrest Wealth Management LLC Cuts Position in McDonald’s Co. (NYSE:MCD)

SeaCrest Wealth Management LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,693 shares of the fast-food giant’s stock after selling 368 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in McDonald’s were worth $1,934,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 last quarter. State Street Corp grew its position in shares of McDonald’s by 1.4% in the 2nd quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock valued at $10,169,018,000 after buying an additional 485,066 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of McDonald’s by 106,340.3% in the 4th 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 buying an additional 19,217,818 shares during the last quarter. Northern Trust Corp lifted its position 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 acquiring an additional 151,161 shares during the last quarter. Finally, Norges Bank purchased a new stake in McDonald’s in the fourth quarter valued at $2,341,360,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Piper Sandler boosted their target price on McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a report on Monday, December 11th. Bank of America boosted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. BMO Capital Markets upped their price target on shares of McDonald’s from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Finally, Citigroup dropped their price objective on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.60.

McDonald’s Stock Down 0.0 %

Shares of NYSE:MCD traded down $0.07 during trading on Thursday, reaching $281.95. The stock had a trading volume of 3,352,361 shares, compared to its average volume of 3,188,335. The business has a fifty day moving average price of $290.64 and a 200-day moving average price of $280.93. The stock has a market cap of $203.58 billion, a P/E ratio of 24.36, a PEG ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the firm posted $2.59 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio is presently 57.74%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.

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.