Bartlett & CO. Wealth Management LLC Trims Stock Holdings in McDonald's Corporation (NYSE:MCD)

Bartlett & CO. Wealth Management LLC cut its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 37.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,252 shares of the fast-food giant's stock after selling 54,333 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in McDonald's were worth $28,505,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its position in McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after acquiring an additional 52 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC grew its stake in shares of McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, NewEdge Wealth LLC increased its holdings in shares of McDonald's by 6.0% in the fourth quarter. NewEdge Wealth LLC now owns 93,175 shares of the fast-food giant's stock valued at $27,011,000 after purchasing an additional 5,237 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 2,817 shares of company stock worth $865,843. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD opened at $285.79 on Friday. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market cap of $204.35 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56. The firm has a 50 day simple moving average of $308.63 and a 200-day simple moving average of $302.49.

McDonald's (NYSE:MCD - Get Free Report) last released 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 company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, equities analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.48%. McDonald's's payout ratio is currently 62.49%.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Barclays increased their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Citigroup lifted their price objective on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, McDonald's has an average rating of "Hold" and an average target price of $321.79.

McDonald's Company Profile

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.

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