Beacon Pointe Advisors LLC Sells 2,239 Shares of McDonald’s Co. (NYSE:MCD)

Beacon Pointe Advisors LLC trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,161 shares of the fast-food giant’s stock after selling 2,239 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in McDonald’s were worth $31,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MCD. Mattern Capital Management LLC increased its position in McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank increased its stake in shares of McDonald’s by 3.0% in the 4th 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 in the last quarter. YANKCOM Partnership purchased a new position in McDonald’s during the 4th quarter valued at about $1,628,000. Integral Investment Advisors Inc. boosted its stake in McDonald’s by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after acquiring an additional 164 shares in the last quarter. Finally, PFW Advisors LLC purchased a new stake in McDonald’s in the fourth quarter worth about $2,471,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MCD. KeyCorp upped their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Barclays reduced their price target on shares of McDonald’s from $350.00 to $347.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Wedbush upped their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird cut their price target on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, Citigroup reduced their price objective on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $322.74.

McDonald’s Price Performance

McDonald’s stock opened at $316.60 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company has a market capitalization of $226.20 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The business has a 50 day simple moving average of $308.18 and a 200 day simple moving average of $299.75.

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

McDonald’s Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.24%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated 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 owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,136 shares of company stock worth $8,676,247. Company insiders own 0.25% 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.