White Pine Capital LLC Has $1.30 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

White Pine Capital LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,383 shares of the fast-food giant’s stock after selling 345 shares during the quarter. White Pine Capital LLC’s holdings in McDonald’s were worth $1,300,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC lifted its stake in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in McDonald’s in the third quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $39,000. Bear Mountain Capital Inc. acquired a new stake in shares of McDonald’s in the fourth quarter worth $43,000. Finally, Mendota Financial Group LLC bought a new stake in shares of McDonald’s during the 4th quarter worth $50,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MCD shares. Wedbush decreased their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday. TD Cowen reaffirmed a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a report on Wednesday, April 10th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Finally, Truist Financial decreased their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $318.41.

McDonald’s Price Performance

MCD traded down $2.51 on Friday, hitting $273.09. 3,636,458 shares of the stock were exchanged, compared to its average volume of 3,338,426. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The business has a 50-day moving average of $281.68 and a two-hundred day moving average of $281.53. The firm has a market capitalization of $196.90 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. McDonald’s’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.59 earnings per share. Equities research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

McDonald’s Profile

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.