Western Wealth Management LLC Has $755,000 Stock Position in McDonald's Co. (NYSE:MCD)

Western Wealth Management LLC cut its position in McDonald's Co. (NYSE:MCD - Free Report) by 87.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCD. Norges Bank purchased a new position in shares of McDonald's in the fourth quarter worth about $2,725,190,000. Raymond James Financial Inc. purchased a new stake in McDonald's in the 4th quarter valued at $703,074,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $350,935,000. Northern Trust Corp raised its position in McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the period. Finally, Franklin Resources Inc. raised its stake 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 acquiring an additional 794,536 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company's stock.

McDonald's Stock Down 0.4%

MCD stock traded down $1.17 during trading on Thursday, reaching $311.67. 883,691 shares of the company's stock were exchanged, compared to its average volume of 3,521,239. The firm has a market cap of $222.85 billion, a PE ratio of 27.35, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company's fifty day moving average price is $312.15 and its 200-day moving average price is $301.82.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results 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. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates 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 for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.70 earnings per share. As a group, sell-side analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.27%. McDonald's's payout ratio is 62.49%.

Analysts Set New Price Targets

A number of analysts have issued reports on MCD shares. Wedbush lifted their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Barclays upped their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's currently has a consensus rating of "Moderate Buy" and an average price target of $325.91.

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.