IHT Wealth Management LLC Trims Position in McDonald’s Co. (NYSE:MCD)

IHT Wealth Management LLC reduced its holdings in McDonald’s Co. (NYSE:MCD) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,839 shares of the fast-food giant’s stock after selling 5,261 shares during the period. IHT Wealth Management LLC’s holdings in McDonald’s were worth $7,201,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mattern Capital Management LLC boosted its stake 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 worth $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank grew its stake in shares of McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares during the period. YANKCOM Partnership purchased a new position in shares of McDonald’s during the 4th quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. increased its holdings in shares of McDonald’s by 2.6% during the 4th 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 in the last quarter. Finally, PFW Advisors LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $2,471,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.6 %

MCD stock opened at $310.82 on Monday. The business’s fifty day moving average price is $307.38 and its 200 day moving average price is $299.29. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market capitalization of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Truist Financial lowered their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets upped their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $322.87.

Insider Buying and Selling

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. This represents a 69.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock worth $8,461,400 in the last quarter. 0.23% of the stock is owned by insiders.

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.