WealthShield Partners LLC Has $1.98 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

WealthShield Partners LLC decreased its stake in McDonald’s Co. (NYSE:MCDFree Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,676 shares of the fast-food giant’s stock after selling 94 shares during the period. WealthShield Partners LLC’s holdings in McDonald’s were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shulman DeMeo Asset Management LLC increased its stake in shares of McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the period. Beaumont Financial Advisors LLC increased its stake in shares of McDonald’s by 0.6% in the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after buying an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after buying an additional 301 shares during the period. Mengis Capital Management Inc. boosted its position in shares of McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its position in shares of McDonald’s by 7.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Stephens restated an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. BMO Capital Markets upped their target price on McDonald’s from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Citigroup cut their target price on McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $320.60.

Read Our Latest Analysis on McDonald’s

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

McDonald’s Stock Performance

NYSE:MCD traded down $2.20 during trading hours on Wednesday, reaching $275.54. The stock had a trading volume of 1,787,246 shares, compared to its average volume of 3,148,009. The stock has a market cap of $198.95 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a 50 day simple moving average of $289.21 and a 200 day simple moving average of $280.91.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.42%. McDonald’s’s dividend payout ratio is presently 57.74%.

McDonald’s Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCDFree Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.