McDonald’s Co. (NYSE:MCD) Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC decreased its stake in McDonald’s Co. (NYSE:MCD) by 0.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,619 shares of the fast-food giant’s stock after selling 51 shares during the quarter. Northcape Wealth Management LLC’s holdings in McDonald’s were worth $2,852,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of McDonald’s by 6.3% during the 4th quarter. Brighton Jones LLC now owns 6,749 shares of the fast-food giant’s stock valued at $2,001,000 after buying an additional 397 shares during the last quarter. Mission Wealth Management LP grew its holdings in shares of McDonald’s by 4.8% during the fourth quarter. Mission Wealth Management LP now owns 17,969 shares of the fast-food giant’s stock valued at $5,328,000 after purchasing an additional 821 shares during the last quarter. Stegent Equity Advisors Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $254,000. Epic Trust Investment Advisors LLC lifted its holdings in shares of McDonald’s by 11.1% in the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,172 shares of the fast-food giant’s stock worth $347,000 after purchasing an additional 117 shares during the last quarter. Finally, Certuity LLC grew its stake in McDonald’s by 169.0% during the 4th quarter. Certuity LLC now owns 6,046 shares of the fast-food giant’s stock worth $1,793,000 after buying an additional 3,798 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

MCD stock traded down $0.48 on Tuesday, reaching $273.07. 6,893,865 shares of the company were exchanged, compared to its average volume of 3,313,933. The firm has a market capitalization of $196.89 billion, a PE ratio of 23.65, a PEG ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock’s fifty day moving average price is $281.31 and its 200 day moving average price is $282.15.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.63 earnings per share. As a group, research analysts expect that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on MCD. Evercore ISI restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Barclays cut their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Citigroup decreased their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $317.67.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s 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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s 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 directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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.