McDonald’s Co. (NYSE:MCD) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 54.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,610 shares of the fast-food giant’s stock after selling 3,182 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in McDonald’s were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Mattern Capital Management LLC boosted its position in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after buying an additional 579 shares during the period. Bell Bank boosted its position in McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares during the period. Kennebec Savings Bank purchased a new position in McDonald’s during the 3rd quarter valued at about $1,394,000. YANKCOM Partnership acquired a new position in shares of McDonald’s in the 4th quarter valued at about $1,628,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on MCD. BMO Capital Markets upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Loop Capital reissued a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Morgan Stanley lifted their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Trading Up 0.6 %

Shares of MCD opened at $307.58 on Thursday. The stock has a 50 day simple moving average of $294.82 and a 200-day simple moving average of $295.91. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a market cap of $219.75 billion, a PE ratio of 27.00, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted 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 negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

McDonald’s Profile

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.