Pinnacle Wealth Management Advisory Group LLC Reduces Position in McDonald’s Co. (NYSE:MCD)

Pinnacle Wealth Management Advisory Group LLC cut its position in McDonald’s Co. (NYSE:MCD) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 16,882 shares of the fast-food giant’s stock after selling 147 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in McDonald’s were worth $4,894,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Clear Creek Financial Management LLC increased its holdings in shares of McDonald’s by 2.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after acquiring an additional 35 shares during the period. GDS Wealth Management increased its holdings in shares of McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after acquiring an additional 35 shares during the period. Boltwood Capital Management increased its holdings in shares of McDonald’s by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after acquiring an additional 35 shares during the period. McAdam LLC increased its holdings in shares of McDonald’s by 1.7% in the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after acquiring an additional 36 shares during the period. Finally, LCM Capital Management Inc grew its position in McDonald’s by 1.3% in the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock valued at $879,000 after buying an additional 36 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCD. Piper Sandler decreased their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Wedbush increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Barclays increased their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Morgan Stanley increased their target price on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

Shares of MCD opened at $308.59 on Friday. The firm has a market cap of $221.14 billion, a PE ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74. The firm’s 50 day moving average price is $291.98 and its 200 day moving average price is $292.53. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.29%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,906 shares of company stock worth $5,406,382 over the last 90 days. Insiders own 0.23% of the company’s stock.

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.