DORCHESTER WEALTH MANAGEMENT Co Sells 195 Shares of McDonald’s Co. (NYSE:MCD)

DORCHESTER WEALTH MANAGEMENT Co decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,034 shares of the fast-food giant’s stock after selling 195 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in McDonald’s were worth $3,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mattern Capital Management LLC increased its holdings in shares of 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 buying an additional 579 shares in the last quarter. Bell Bank increased its holdings in shares of McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after buying an additional 371 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of McDonald’s during the third quarter worth approximately $1,394,000. YANKCOM Partnership acquired a new stake in shares of McDonald’s during the fourth quarter worth approximately $1,628,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MCD. BMO Capital Markets raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Citigroup raised their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. TD Securities reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Robert W. Baird raised their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,205 shares of company stock valued at $6,703,569 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 0.6 %

Shares of NYSE MCD opened at $304.76 on Friday. The company’s fifty day moving average is $292.61 and its 200-day moving average is $293.92. The stock has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is 62.16%.

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.