Western Wealth Management LLC Sells 17,394 Shares of McDonald's Co. (NYSE:MCD)

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

A number of other large investors also recently modified their holdings of the business. Independent Wealth Network Inc. grew its stake in McDonald's by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after buying an additional 36 shares during the last quarter. Red Door Wealth Management LLC grew its position in shares of McDonald's by 71.9% during the fourth quarter. Red Door Wealth Management LLC now owns 5,615 shares of the fast-food giant's stock worth $1,628,000 after acquiring an additional 2,349 shares during the last quarter. Verde Capital Management bought a new position in shares of McDonald's during the fourth quarter worth about $477,000. Secure Asset Management LLC increased its holdings in shares of McDonald's by 3.1% in the 4th quarter. Secure Asset Management LLC now owns 7,520 shares of the fast-food giant's stock worth $2,180,000 after acquiring an additional 223 shares during the period. Finally, Apeiron RIA LLC boosted its stake in McDonald's by 29.3% during the 4th quarter. Apeiron RIA LLC now owns 1,334 shares of the fast-food giant's stock valued at $387,000 after purchasing an additional 302 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction 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 transaction, the insider now owns 11,161 shares of the company's stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,878 shares of company stock worth $904,192. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MCD shares. Piper Sandler boosted their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Morgan Stanley lowered their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Finally, Citigroup upped 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. Twelve analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Stock Down 0.7%

Shares of McDonald's stock traded down $2.09 on Wednesday, hitting $312.86. 1,931,616 shares of the company traded hands, compared to its average volume of 3,534,792. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market cap of $223.71 billion, a PE ratio of 27.47, a PEG ratio of 3.10 and a beta of 0.57. The company has a 50-day moving average price of $311.99 and a 200 day moving average price of $301.75.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $2.70 EPS. Equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business 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 $1.77 dividend. The ex-dividend date is Monday, June 2nd. 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 62.49%.

McDonald's 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.