West Wealth Group LLC Has $649,000 Holdings in McDonald’s Co. (NYSE:MCD)

West Wealth Group LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 12.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,189 shares of the fast-food giant’s stock after selling 314 shares during the period. West Wealth Group LLC’s holdings in McDonald’s were worth $649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Bell Private Wealth Management LLC raised its stake in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $33,000. Retirement Group LLC acquired a new position in McDonald’s during the 4th quarter valued at approximately $37,000. VisionPoint Advisory Group LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at $46,000. Finally, Compass Wealth Management LLC acquired a new position in McDonald’s during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.4 %

NYSE MCD traded up $1.09 during trading hours on Thursday, reaching $283.11. 593,998 shares of the company’s stock were exchanged, compared to its average volume of 3,140,801. The firm has a fifty day moving average of $290.82 and a 200-day moving average of $280.92. The stock has a market cap of $204.42 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a one year low of $245.73 and a one year 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. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 EPS. As a group, research analysts forecast that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

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 2.36%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

Analyst Upgrades and Downgrades

Several research analysts have commented on MCD shares. Citigroup lowered their price target on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Wedbush restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday. Robert W. Baird reaffirmed an “outperform” rating and issued a $315.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.60.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the 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 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.27% of the company’s stock.

About McDonald’s

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.