McDonald’s Co. (NYSE:MCD) Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,374 shares of the fast-food giant’s stock after selling 491 shares during the quarter. McDonald’s accounts for about 0.2% of Midland Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding. Midland Wealth Advisors LLC’s holdings in McDonald’s were worth $3,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the 3rd quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $27,000. Collier Financial acquired a new position in McDonald’s in the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the 3rd quarter valued at about $31,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Morgan Stanley raised their target price on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. BMO Capital Markets boosted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Barclays upped their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, KeyCorp raised their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Up 3.6 %

NYSE MCD opened at $321.52 on Monday. The stock has a market cap of $229.71 billion, a P/E ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71. The company’s fifty day simple moving average is $295.69 and its 200-day simple moving average is $296.37. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $323.17.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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 Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,504 shares of company stock valued at $10,206,575. Insiders own 0.23% of the company’s stock.

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.