McDonald’s Co. (NYSE:MCD) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc trimmed its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,218 shares of the fast-food giant’s stock after selling 420 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in McDonald’s were worth $10,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Independent Wealth Network Inc. boosted its stake in McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the last quarter. Paragon Capital Management Ltd boosted its position in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares during the last quarter. Proquility Private Wealth Partners LLC boosted its position in shares of McDonald’s by 1.0% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock valued at $985,000 after acquiring an additional 38 shares during the last quarter. Unique Wealth LLC boosted its position in shares of McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after acquiring an additional 38 shares during the last quarter. Finally, Patron Partners LLC boosted its position in shares of McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after acquiring an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of MCD stock traded down $2.27 during trading hours on Tuesday, hitting $277.95. The stock had a trading volume of 837,524 shares, compared to its average volume of 3,138,809. The firm has a market capitalization of $200.69 billion, a PE ratio of 24.06, a PEG ratio of 3.04 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock’s 50 day moving average is $289.65 and its 200 day moving average is $280.91.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.59 earnings per share. As a group, equities analysts predict that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird reissued an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Barclays decreased their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Stifel Nicolaus upped their target price on shares of McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Citigroup decreased their target price on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.60.

View Our Latest Analysis on MCD

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

About McDonald’s

(Free Report)

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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