Biltmore Family Office LLC Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

Biltmore Family Office LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,152 shares of the fast-food giant’s stock after selling 47 shares during the period. Biltmore Family Office LLC’s holdings in McDonald’s were worth $914,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Mattern Capital Management LLC increased its position in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after buying an additional 579 shares in the last quarter. Bell Bank raised its position in McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares during the period. YANKCOM Partnership purchased a new position in McDonald’s during the fourth quarter valued at $1,628,000. Integral Investment Advisors Inc. grew its position in shares of McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after purchasing an additional 164 shares during the period. Finally, PFW Advisors LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth about $2,471,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.6 %

NYSE MCD opened at $311.69 on Thursday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market capitalization of $222.69 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.10 and a beta of 0.71. The business’s 50 day moving average is $303.38 and its two-hundred day moving average is $298.56.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.27%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Activity

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,099 shares of McDonald’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $475,176. This trade represents a 41.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,497 shares of company stock worth $8,461,400. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MCD. TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. BMO Capital Markets lifted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Citigroup increased their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Finally, Barclays raised their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s 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, Spain, and the U.K.