Heritage Wealth Advisors Sells 2,926 Shares of McDonald’s Co. (NYSE:MCD)

Heritage Wealth Advisors lowered its position in McDonald’s Co. (NYSE:MCD) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,231 shares of the fast-food giant’s stock after selling 2,926 shares during the quarter. McDonald’s comprises about 1.6% of Heritage Wealth Advisors’ portfolio, making the stock its 26th largest position. Heritage Wealth Advisors’ holdings in McDonald’s were worth $31,955,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MCD. United Bank boosted its holdings in McDonald’s by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after acquiring an additional 218 shares during the period. Fisher Asset Management LLC boosted its stake in shares of McDonald’s by 4.8% during the third quarter. Fisher Asset Management LLC now owns 255,748 shares of the fast-food giant’s stock valued at $77,878,000 after purchasing an additional 11,743 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of McDonald’s in the third quarter worth about $1,299,000. Harvest Fund Management Co. Ltd increased its stake in McDonald’s by 464.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 395 shares of the fast-food giant’s stock worth $120,000 after buying an additional 325 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in McDonald’s by 7.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,053 shares of the fast-food giant’s stock valued at $321,000 after buying an additional 71 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on MCD. KeyCorp raised their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Barclays increased their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Bank of America lifted their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.39.

McDonald’s Stock Up 0.4 %

McDonald’s stock opened at $307.01 on Wednesday. The stock has a 50-day moving average price of $299.72 and a 200 day moving average price of $297.78. The company has a market capitalization of $219.35 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.31%. McDonald’s’s dividend payout ratio is presently 62.16%.

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.