Oak Harbor Wealth Partners LLC Sells 156 Shares of McDonald’s Co. (NYSE:MCD)

Oak Harbor Wealth Partners LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,923 shares of the fast-food giant’s stock after selling 156 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in McDonald’s were worth $3,166,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MCD. Dorsey & Whitney Trust CO LLC lifted its position in shares of McDonald’s by 1.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 16,340 shares of the fast-food giant’s stock worth $4,737,000 after buying an additional 296 shares in the last quarter. Naviter Wealth LLC lifted its position in shares of McDonald’s by 85.2% during the 4th quarter. Naviter Wealth LLC now owns 9,410 shares of the fast-food giant’s stock worth $2,728,000 after buying an additional 4,330 shares in the last quarter. Rialto Wealth Management LLC bought a new position in shares of McDonald’s during the 4th quarter worth approximately $337,000. Lifeworks Advisors LLC bought a new position in shares of McDonald’s during the 4th quarter worth approximately $520,000. Finally, NS Partners Ltd lifted its position in shares of McDonald’s by 3.4% during the 4th quarter. NS Partners Ltd now owns 127,486 shares of the fast-food giant’s stock worth $36,957,000 after buying an additional 4,251 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MCD. Citigroup lifted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird raised their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. KeyCorp raised their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

MCD opened at $321.52 on Friday. The company has a fifty day moving average price of $295.69 and a 200-day moving average price of $296.25. The firm has a market capitalization of $229.71 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $323.17.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Transactions at McDonald’s

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 shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,504 shares of company stock valued at $10,206,575. Insiders own 0.23% of the company’s stock.

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, Spain, and the U.K.