Parcion Private Wealth LLC Has $6.17 Million Holdings in McDonald’s Co. (NYSE:MCD)

Parcion Private Wealth LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,270 shares of the fast-food giant’s stock after purchasing an additional 450 shares during the period. Parcion Private Wealth LLC’s holdings in McDonald’s were worth $6,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $31,000. Finally, Hara Capital LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Citigroup increased their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred 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 owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,106 shares of company stock valued at $6,368,814. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $301.71 on Thursday. The stock has a fifty day moving average of $292.32 and a 200-day moving average of $293.44. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market capitalization of $216.21 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.12 and a beta of 0.74.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued 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 2.35%. McDonald’s’s dividend payout ratio is 62.16%.

About McDonald’s

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.