McDonald's Co. (MCD) Position Trimmed by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lowered its stake in McDonald's Co. (NYSE:MCD) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,664 shares of the fast-food giant’s stock after selling 734 shares during the period. Stockman Wealth Management Inc.’s holdings in McDonald's were worth $631,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MCD. Monroe Bank & Trust MI boosted its holdings in shares of McDonald's by 11.6% during the 4th quarter. Monroe Bank & Trust MI now owns 12,594 shares of the fast-food giant’s stock valued at $1,533,000 after buying an additional 1,310 shares in the last quarter. Stormborn Capital Management LLC bought a new stake in shares of McDonald's during the 4th quarter valued at $8,606,000. Carillon Tower Advisers Inc. bought a new stake in shares of McDonald's during the 4th quarter valued at $13,995,000. Tyvor Capital LLC bought a new stake in shares of McDonald's during the 4th quarter valued at $1,106,000. Finally, Quadrature Capital Ltd bought a new stake in shares of McDonald's during the 4th quarter valued at $10,991,000. Institutional investors and hedge funds own 68.49% of the company’s stock.

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In other news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

MCD has been the topic of a number of research reports. Goldman Sachs restated a “buy” rating and set a $186.00 target price on shares of McDonald's in a report on Friday, March 23rd. Royal Bank of Canada set a $190.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Thursday, December 21st. Bank of America set a $200.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Monday, January 29th. Credit Suisse Group restated an “outperform” rating and set a $185.00 target price (up previously from $178.00) on shares of McDonald's in a report on Tuesday, December 19th. Finally, Barclays restated an “overweight” rating and set a $205.00 target price (up previously from $193.00) on shares of McDonald's in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $183.40.

Shares of NYSE:MCD opened at $162.55 on Wednesday. McDonald's Co. has a fifty-two week low of $131.80 and a fifty-two week high of $178.70. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. The stock has a market capitalization of $128,494.15, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. McDonald's’s revenue was down 11.4% on a year-over-year basis. sell-side analysts forecast that McDonald's Co. will post 7.58 earnings per share for the current year.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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