High Note Wealth LLC Sells 100 Shares of McDonald’s Co. (NYSE:MCD)

High Note Wealth LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,446 shares of the fast-food giant’s stock after selling 100 shares during the quarter. McDonald’s makes up 1.4% of High Note Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. High Note Wealth LLC’s holdings in McDonald’s were worth $3,690,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. S.A. Mason LLC lifted its holdings in McDonald’s by 8.0% in the 4th quarter. S.A. Mason LLC now owns 3,007 shares of the fast-food giant’s stock worth $891,000 after purchasing an additional 222 shares during the last quarter. Columbia Trust Co 01012016 lifted its holdings in shares of McDonald’s by 11.6% during the fourth quarter. Columbia Trust Co 01012016 now owns 6,497 shares of the fast-food giant’s stock worth $1,926,000 after buying an additional 673 shares during the last quarter. OmniStar Financial Group Inc. lifted its holdings in shares of McDonald’s by 4.6% during the fourth quarter. OmniStar Financial Group Inc. now owns 2,889 shares of the fast-food giant’s stock worth $857,000 after buying an additional 127 shares during the last quarter. Gemmer Asset Management LLC lifted its holdings in shares of McDonald’s by 12.8% during the fourth quarter. Gemmer Asset Management LLC now owns 1,029 shares of the fast-food giant’s stock worth $305,000 after buying an additional 117 shares during the last quarter. Finally, Viking Fund Management LLC lifted its holdings in shares of McDonald’s by 50.0% during the fourth quarter. Viking Fund Management LLC now owns 6,000 shares of the fast-food giant’s stock worth $1,779,000 after buying an additional 2,000 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on MCD shares. TD Cowen reiterated an “outperform” rating and set a $325.00 price target on shares of McDonald’s in a report on Tuesday, March 19th. Barclays cut their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Royal Bank of Canada lowered their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Bank of America boosted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Eight analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $320.60.

McDonald’s Stock Up 1.2 %

MCD stock opened at $282.02 on Thursday. The business has a 50 day moving average price of $290.82 and a two-hundred day moving average price of $280.92. The company has a market cap of $203.63 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last issued its 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 company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’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. On average, equities research analysts anticipate that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is presently 57.74%.

Insider Buying and Selling

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 value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.

McDonald’s 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.