HBW Advisory Services LLC Sells 3,013 Shares of McDonald’s Corporation $MCD

HBW Advisory Services LLC lessened its position in McDonald’s Corporation (NYSE:MCDFree Report) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,929 shares of the fast-food giant’s stock after selling 3,013 shares during the period. HBW Advisory Services LLC’s holdings in McDonald’s were worth $2,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evergreen Private Wealth LLC grew its position in shares of McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after acquiring an additional 52 shares during the period. Park Place Capital Corp boosted its holdings in shares of McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after buying an additional 45 shares during the period. Painted Porch Advisors LLC boosted its holdings in shares of McDonald’s by 735.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after buying an additional 103 shares during the period. Davis Capital Management bought a new stake in shares of McDonald’s during the 3rd quarter worth about $37,000. Finally, Saranac Partners Ltd bought a new stake in shares of McDonald’s during the 3rd quarter worth about $37,000. Institutional investors own 70.29% of the company’s stock.

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

Analyst Ratings Changes

Several analysts recently commented on MCD shares. UBS Group lifted their target price on shares of McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. BTIG Research lifted their target price on shares of McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Barclays lifted their target price on shares of McDonald’s from $372.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Royal Bank Of Canada lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Finally, Tigress Financial lifted their target price on shares of McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $339.69.

Check Out Our Latest Research Report on MCD

Insider Activity

In other news, CMO Edith Morgan Flatley sold 4,692 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $331.00, for a total value of $1,553,052.00. Following the completion of the transaction, the chief marketing officer directly owned 6,200 shares in the company, valued at approximately $2,052,200. The trade was a 43.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $325.25, for a total transaction of $854,106.50. Following the completion of the transaction, the insider owned 5,398 shares of the company’s stock, valued at $1,755,699.50. The trade was a 32.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,031 shares of company stock valued at $22,917,125 over the last quarter. 0.25% of the stock is owned by corporate insiders.

McDonald’s Trading Down 0.0%

Shares of NYSE:MCD opened at $305.64 on Monday. The firm has a 50 day moving average of $321.19 and a 200-day moving average of $311.77. The stock has a market capitalization of $217.25 billion, a PE ratio of 25.58, a PEG ratio of 2.72 and a beta of 0.53. McDonald’s Corporation has a 12 month low of $283.47 and a 12 month high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, beating the consensus estimate of $3.05 by $0.07. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.81 billion. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.83 EPS. On average, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a $1.86 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is presently 62.26%.

McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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