White Pine Capital LLC Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

White Pine Capital LLC decreased its stake in McDonald’s Co. (NYSE:MCD) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,383 shares of the fast-food giant’s stock after selling 345 shares during the period. White Pine Capital LLC’s holdings in McDonald’s were worth $1,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MCD. International Assets Investment Management LLC grew its position in shares of McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $192,165,000. AMF Tjanstepension AB grew its position in shares of McDonald’s by 174.7% during the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after purchasing an additional 602,707 shares in the last quarter. Barclays PLC grew its position in shares of McDonald’s by 16.7% during the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after purchasing an additional 429,000 shares in the last quarter. Finally, Winslow Capital Management LLC grew its position in shares of McDonald’s by 39.6% during the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after purchasing an additional 370,699 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD traded down $2.51 on Friday, reaching $273.09. 3,636,458 shares of the stock traded hands, compared to its average volume of 3,338,426. The company has a fifty day moving average price of $281.68 and a 200-day moving average price of $281.53. The company has a market cap of $196.90 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 3.01 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.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.59 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Bank of America raised their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Morgan Stanley dropped their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. Truist Financial dropped their target price on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $318.41.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction 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 directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.