SeaCrest Wealth Management LLC Has $1.93 Million Stake in McDonald’s Co. (NYSE:MCD)

SeaCrest Wealth Management LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,693 shares of the fast-food giant’s stock after selling 368 shares during the period. SeaCrest Wealth Management LLC’s holdings in McDonald’s were worth $1,934,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC lifted its stake in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new position in shares of McDonald’s in the 3rd quarter valued at about $33,000. Retirement Group LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $37,000. VisionPoint Advisory Group LLC bought a new stake in shares of McDonald’s during the second quarter worth approximately $46,000. Finally, Compass Wealth Management LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $45,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler upped their target price on shares of McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Wedbush restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Finally, Stephens reiterated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $320.60.

McDonald’s Stock Down 0.0 %

Shares of NYSE MCD traded down $0.07 during trading hours on Thursday, hitting $281.95. The company had a trading volume of 3,352,361 shares, compared to its average volume of 3,188,335. The stock has a market capitalization of $203.58 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm’s 50 day moving average is $290.64 and its 200-day moving average is $280.93.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.59 earnings per share. On average, sell-side analysts predict that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.