Bison Wealth LLC Sells 2,894 Shares of McDonald's Co. (NYSE:MCD)

Bison Wealth LLC cut its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 58.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,069 shares of the fast-food giant's stock after selling 2,894 shares during the period. Bison Wealth LLC's holdings in McDonald's were worth $600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Mattern Capital Management LLC raised its holdings in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank raised its holdings in McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after buying an additional 371 shares during the period. YANKCOM Partnership acquired a new position in McDonald's during the fourth quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. grew its stake in McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after buying an additional 164 shares during the period. Finally, PFW Advisors LLC acquired a new stake in shares of McDonald's in the fourth quarter worth $2,471,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on MCD. Loop Capital restated a "buy" rating and set a $342.00 target price on shares of McDonald's in a report on Friday, January 3rd. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Wedbush increased their target price on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. KeyCorp boosted their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Citigroup decreased their price target on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and an average price target of $322.74.

Insider Activity at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is owned by corporate insiders.

McDonald's Price Performance

Shares of MCD traded down $5.96 during trading hours on Thursday, hitting $313.69. 5,183,928 shares of the company were exchanged, compared to its average volume of 3,565,314. The company has a market capitalization of $224.31 billion, a PE ratio of 27.54, a PEG ratio of 3.10 and a beta of 0.62. The firm has a fifty day simple moving average of $309.14 and a 200-day simple moving average of $300.09. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald's's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $2.70 EPS. Sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald's's dividend payout ratio is currently 62.16%.

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.