1900 Wealth Management LLC Has $506,000 Holdings in McDonald’s Co. (NYSE:MCD)

1900 Wealth Management LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 25.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,746 shares of the fast-food giant’s stock after selling 601 shares during the period. 1900 Wealth Management LLC’s holdings in McDonald’s were worth $506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Hoxton Planning & Management LLC acquired a new stake in shares of McDonald’s during the third quarter worth about $297,000. CWM LLC lifted its holdings in shares of McDonald’s by 6.7% in the third quarter. CWM LLC now owns 79,253 shares of the fast-food giant’s stock valued at $24,133,000 after purchasing an additional 4,987 shares in the last quarter. Wedmont Private Capital boosted its position in shares of McDonald’s by 8.5% during the third quarter. Wedmont Private Capital now owns 5,615 shares of the fast-food giant’s stock worth $1,689,000 after buying an additional 442 shares during the period. Enterprise Bank & Trust Co grew its stake in shares of McDonald’s by 73.4% during the 3rd quarter. Enterprise Bank & Trust Co now owns 7,276 shares of the fast-food giant’s stock worth $2,216,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its position in McDonald’s by 5.0% in the third quarter. Bruce G. Allen Investments LLC now owns 1,139 shares of the fast-food giant’s stock valued at $347,000 after purchasing an additional 54 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 over the last three months. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

MCD stock opened at $294.37 on Friday. The company has a market capitalization of $210.95 billion, a P/E ratio of 25.84, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a fifty day moving average price of $290.75 and a 200-day moving average price of $290.37.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Bank of America increased their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp cut their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Barclays increased their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $318.86.

McDonald’s Company 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.