Western Wealth Management LLC Decreases Holdings in McDonald's Co. (NYSE:MCD)

Western Wealth Management LLC lowered its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 87.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,606 shares of the fast-food giant's stock after selling 17,394 shares during the period. Western Wealth Management LLC's holdings in McDonald's were worth $755,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in McDonald's in the 4th quarter worth about $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at about $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in shares of McDonald's in the 4th quarter valued at about $350,935,000. Northern Trust Corp grew its position in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of McDonald's by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock traded up $0.42 during trading hours on Tuesday, reaching $314.99. The company had a trading volume of 2,525,607 shares, compared to its average volume of 3,541,201. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The business has a fifty day simple moving average of $311.84 and a 200 day simple moving average of $301.65. The firm has a market cap of $225.23 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. The firm's revenue was down 3.5% compared to the same quarter last year. On average, research analysts forecast 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. McDonald's's payout ratio is 62.49%.

Insider Buying and Selling at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,878 shares of company stock worth $904,192 over the last 90 days. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

MCD has been the topic of a number of analyst reports. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Robert W. Baird upped their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Truist Financial set a $350.00 target price on McDonald's in a research report on Friday, May 2nd. Finally, Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $325.91.

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.