ProVise Management Group LLC Has $955,000 Stock Holdings in McDonald's Co. (NYSE:MCD)

ProVise Management Group LLC decreased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 33.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,294 shares of the fast-food giant's stock after selling 1,683 shares during the quarter. ProVise Management Group LLC's holdings in McDonald's were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new position in McDonald's during the third quarter worth approximately $25,000. Atala Financial Inc acquired a new position in shares of McDonald's during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald's in the 4th quarter valued at $27,000. Collier Financial acquired a new stake in McDonald's during the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC boosted its position in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MCD. TD Securities reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Bank of America raised their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Robert W. Baird upped their target price on McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, BMO Capital Markets boosted their price target on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $323.39.

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McDonald's Trading Up 0.1 %

McDonald's stock traded up $0.41 during midday trading on Monday, reaching $305.85. The company's stock had a trading volume of 3,443,389 shares, compared to its average volume of 3,337,257. The stock has a market cap of $218.52 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The business has a 50-day moving average price of $298.75 and a 200-day moving average price of $297.53.

McDonald's (NYSE:MCD - Get Free Report) last announced 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 net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts predict that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 2.31%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Activity

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm's stock in a transaction on 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 directly owns 9,675 shares of the company's stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,405 shares of company stock worth $9,886,656. Insiders own 0.23% 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.