Bison Wealth LLC Has $600,000 Position in McDonald’s Co. (NYSE:MCD)

Bison Wealth LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 58.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,069 shares of the fast-food giant’s stock after selling 2,894 shares during the period. Bison Wealth LLC’s holdings in McDonald’s were worth $600,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Boltwood Capital Management boosted its holdings in McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares during the last quarter. Pettee Investors Inc. boosted its position in shares of McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after purchasing an additional 35 shares in the last quarter. Covestor Ltd grew its holdings in shares of McDonald’s by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock valued at $261,000 after buying an additional 35 shares during the period. Modus Advisors LLC increased its position in shares of McDonald’s by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after buying an additional 36 shares in the last quarter. Finally, Independent Wealth Network Inc. raised its stake in McDonald’s by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after buying an additional 36 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares of the company’s stock, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.7 %

Shares of NYSE MCD opened at $314.61 on Wednesday. The company has a market capitalization of $224.97 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a 50 day moving average of $308.71 and a 200-day moving average of $299.93.

McDonald’s (NYSE:MCD) last released 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%. Analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

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 dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays lowered their price target on McDonald’s from $350.00 to $347.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Citigroup dropped their target price on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. BMO Capital Markets upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Robert W. Baird lowered their price objective on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Ten investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $322.74.

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.