Angeles Wealth Management LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Angeles Wealth Management LLC raised its position in McDonald’s Co. (NYSE:MCD) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,544 shares of the fast-food giant’s stock after purchasing an additional 164 shares during the period. Angeles Wealth Management LLC’s holdings in McDonald’s were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Montis Financial LLC acquired a new position in McDonald’s in the third quarter valued at $391,000. Mechanics Bank Trust Department increased its position in McDonald’s by 0.7% in the 3rd quarter. Mechanics Bank Trust Department now owns 34,959 shares of the fast-food giant’s stock valued at $10,645,000 after acquiring an additional 227 shares during the period. Westend Capital Management LLC raised its stake in McDonald’s by 12.7% during the 3rd quarter. Westend Capital Management LLC now owns 365 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 41 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in McDonald’s by 1.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock worth $765,000 after acquiring an additional 42 shares during the period. Finally, CHICAGO TRUST Co NA grew its stake in shares of McDonald’s by 3.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 11,131 shares of the fast-food giant’s stock valued at $3,390,000 after purchasing an additional 343 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 in the last ninety days. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MCD shares. Wells Fargo & Company upped their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.86.

McDonald’s Trading Up 0.0 %

Shares of NYSE MCD opened at $294.39 on Monday. The stock has a market cap of $210.97 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.08 and a beta of 0.74. The company’s 50-day moving average price is $290.70 and its 200 day moving average price is $290.89. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

McDonald’s Company 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, Russia, Spain, and the U.K.