Prentice Wealth Management LLC Has $695,000 Stake in McDonald’s Co. (NYSE:MCD)

Prentice Wealth Management LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,397 shares of the fast-food giant’s stock after acquiring an additional 122 shares during the period. Prentice Wealth Management LLC’s holdings in McDonald’s were worth $695,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MCD. Mattern Capital Management LLC grew its stake in McDonald’s by 2.0% during 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 during the period. Kennebec Savings Bank bought a new position in shares of McDonald’s during the 3rd quarter worth approximately $1,394,000. YANKCOM Partnership acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $1,628,000. Charles Schwab Investment Management Inc. increased its stake in shares of McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. Finally, PFW Advisors LLC acquired a new position in shares of McDonald’s during the 4th quarter valued at $2,471,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup raised their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird raised their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. 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. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Wedbush upped their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Up 0.6 %

Shares of NYSE MCD opened at $304.76 on Friday. The company has a market capitalization of $218.40 billion, a PE ratio of 26.76, a PEG ratio of 3.09 and a beta of 0.74. The stock’s 50 day moving average price is $292.61 and its 200-day moving average price is $293.76. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts expect 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 will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,099 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $475,176. This represents a 41.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,205 shares of company stock worth $6,703,569. 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.