Atria Investments Inc Has $18.31 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

Atria Investments Inc lessened its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,170 shares of the fast-food giant's stock after selling 3,983 shares during the period. Atria Investments Inc's holdings in McDonald's were worth $18,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Creek Financial Management LLC raised its holdings in McDonald's by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock worth $396,000 after buying an additional 35 shares during the last quarter. GDS Wealth Management raised its holdings in 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 last quarter. Boltwood Capital Management raised its holdings in 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 last quarter. Modus Advisors LLC lifted its position in McDonald's by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after acquiring an additional 36 shares in the last quarter. Finally, Independent Wealth Network Inc. boosted its stake in McDonald's by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after purchasing an additional 36 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MCD shares. Morgan Stanley boosted their target price on shares of McDonald's from $336.00 to $340.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Citigroup upped their price objective on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. TD Securities reissued a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. Barclays raised their price objective on shares of McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Loop Capital reiterated a "buy" rating and issued a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. 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

Shares of MCD traded up $1.81 during mid-day trading on Wednesday, reaching $307.58. 2,325,883 shares of the company's stock were exchanged, compared to its average volume of 3,318,288. The stock has a market capitalization of $219.75 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business's fifty day simple moving average is $294.82 and its 200-day simple moving average is $295.91. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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

McDonald's Dividend Announcement

The business also recently declared 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 2.30%. The ex-dividend date is Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Insider Buying and Selling at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm'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 sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 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.