Western Wealth Management LLC Acquires 81 Shares of McDonald’s Co. (NYSE:MCD)

Western Wealth Management LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 15,579 shares of the fast-food giant’s stock after acquiring an additional 81 shares during the quarter. Western Wealth Management LLC’s holdings in McDonald’s were worth $4,619,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its position in McDonald’s by 3.3% in the 4th quarter. Xponance Inc. now owns 133,473 shares of the fast-food giant’s stock valued at $39,576,000 after acquiring an additional 4,231 shares in the last quarter. Flynn Zito Capital Management LLC raised its holdings in McDonald’s by 7.2% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,129 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 76 shares during the period. Integral Investment Advisors Inc. increased its holdings in shares of McDonald’s by 6.5% in the fourth quarter. Integral Investment Advisors Inc. now owns 3,247 shares of the fast-food giant’s stock worth $963,000 after purchasing an additional 197 shares during the last quarter. Cambridge Trust Co. grew its position in McDonald’s by 0.5% in the fourth quarter. Cambridge Trust Co. now owns 97,043 shares of the fast-food giant’s stock worth $28,774,000 after acquiring an additional 488 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its position in McDonald’s by 2.1% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,218 shares of the fast-food giant’s stock worth $2,138,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were 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 of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley lowered their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Bank of America boosted their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Citigroup reduced their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Finally, BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Stock Performance

Shares of MCD stock traded up $1.03 on Thursday, hitting $270.98. The stock had a trading volume of 3,297,671 shares, compared to its average volume of 3,248,558. The firm has a market capitalization of $195.38 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 0.71. The stock’s 50 day moving average is $283.86 and its 200-day moving average is $280.69. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the firm posted $2.59 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

McDonald’s Company Profile

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.