Institute for Wealth Management LLC. Sells 88 Shares of McDonald’s Co. (NYSE:MCD)

Institute for Wealth Management LLC. cut its stake in McDonald’s Co. (NYSE:MCD) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,686 shares of the fast-food giant’s stock after selling 88 shares during the quarter. Institute for Wealth Management LLC.’s holdings in McDonald’s were worth $1,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Shulman DeMeo Asset Management LLC increased its stake in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares in the last quarter. Mengis Capital Management Inc. increased its stake in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after purchasing an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC increased its stake in McDonald’s by 7.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after purchasing an additional 88 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 0.4 %

MCD opened at $271.99 on Friday. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The stock’s fifty day simple moving average is $283.10 and its 200 day simple moving average is $280.72. The stock has a market cap of $196.11 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business earned $2.59 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Analyst Ratings Changes

MCD has been the subject of a number of research reports. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $319.72.

Insider Activity at McDonald’s

In other McDonald’s 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 in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

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.