Blackhawk Capital Partners LLC. Lowers Position in McDonald’s Co. (NYSE:MCD)

Blackhawk Capital Partners LLC. decreased its stake in McDonald’s Co. (NYSE:MCD) by 47.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,078 shares of the fast-food giant’s stock after selling 5,464 shares during the period. Blackhawk Capital Partners LLC.’s holdings in McDonald’s were worth $1,762,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $27,000. Collier Financial purchased a new position in McDonald’s during the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter valued at about $31,000. Finally, Marshall Investment Management LLC purchased a new position in McDonald’s in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,106 shares of company stock worth $6,382,112 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. Wedbush lifted their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Morgan Stanley increased their price target on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. TD Securities reissued a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Finally, Citigroup lifted their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Up 0.8 %

Shares of NYSE:MCD opened at $307.34 on Tuesday. The company has a market capitalization of $220.24 billion, a P/E ratio of 26.98, a P/E/G ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s fifty day simple moving average is $292.80 and its 200-day simple moving average is $294.35.

McDonald’s (NYSE:MCD) last posted 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, sell-side analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s payout ratio is currently 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.