IHT Wealth Management LLC Sells 5,261 Shares of McDonald's Co. (NYSE:MCD)

IHT Wealth Management LLC cut its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 hedge funds also recently made changes to their positions in the company. Mattern Capital Management LLC increased 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 purchasing an additional 579 shares in the last quarter. Bell Bank lifted its position in shares of McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after acquiring an additional 371 shares in the last quarter. YANKCOM Partnership bought a new position in shares of McDonald's in the fourth quarter worth about $1,628,000. Integral Investment Advisors Inc. grew its position in shares of 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 purchasing an additional 164 shares in the last quarter. Finally, PFW Advisors LLC bought a new stake in McDonald's during the 4th quarter valued at approximately $2,471,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MCD. BMO Capital Markets upped their price target 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 upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Truist Financial reduced their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Citigroup dropped their price objective on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Barclays cut their price objective on McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.74.

Insider Transactions at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company's stock, valued at $3,853,850. This represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,436 shares of company stock worth $8,760,472. 0.23% of the stock is currently owned by insiders.

McDonald's Trading Down 0.2 %

Shares of MCD stock traded down $0.50 during trading hours on Wednesday, reaching $318.58. 3,209,437 shares of the stock were exchanged, compared to its average volume of 3,587,537. The firm has a market capitalization of $227.61 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company's 50-day moving average price is $307.79 and its 200-day moving average price is $299.60.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results 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%. On average, sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current 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 paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.22%. McDonald's's payout ratio is 62.16%.

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.