Gilder Gagnon Howe & Co. LLC Sells 7,387 Shares of McDonald's Co. (NYSE:MCD)

Gilder Gagnon Howe & Co. LLC trimmed its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,875 shares of the fast-food giant's stock after selling 7,387 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in McDonald's were worth $3,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Coldstream Capital Management Inc. boosted its stake in shares of McDonald's by 3.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 31,269 shares of the fast-food giant's stock worth $9,064,000 after acquiring an additional 974 shares in the last quarter. Capital Analysts LLC raised its holdings in McDonald's by 2.0% in the 4th quarter. Capital Analysts LLC now owns 24,228 shares of the fast-food giant's stock valued at $7,023,000 after acquiring an additional 474 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC increased its holdings in shares of McDonald's by 17.9% during the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 1,836 shares of the fast-food giant's stock worth $532,000 after buying an additional 279 shares during the last quarter. Pingora Partners LLC increased its holdings in shares of McDonald's by 6.4% during the 4th quarter. Pingora Partners LLC now owns 3,342 shares of the fast-food giant's stock worth $969,000 after buying an additional 200 shares during the last quarter. Finally, Topsail Wealth Management LLC acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $590,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were 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 of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,136 shares of company stock valued at $8,676,247. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley decreased their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Robert W. Baird dropped their price objective on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Wedbush increased their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. BMO Capital Markets increased their price objective on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, KeyCorp increased their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Ten research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

McDonald's Trading Up 1.7 %

MCD traded up $5.29 during trading on Wednesday, reaching $319.79. 5,558,068 shares of the company's stock were exchanged, compared to its average volume of 3,563,937. The firm has a fifty day moving average price of $308.71 and a two-hundred day moving average price of $299.93. The stock has a market capitalization of $228.67 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. 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 posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.21%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

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.