Obermeyer Wood Investment Counsel Lllp lessened its stake in shares of McDonald’s (NYSE:MCD) by 11.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 266,666 shares of the fast-food giant’s stock after selling 33,382 shares during the period. McDonald’s comprises approximately 3.8% of Obermeyer Wood Investment Counsel Lllp’s investment portfolio, making the stock its 10th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in McDonald’s were worth $41,701,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MCD. Robeco Institutional Asset Management B.V. raised its stake in McDonald’s by 2.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,384,840 shares of the fast-food giant’s stock worth $216,562,000 after buying an additional 35,646 shares in the last quarter. NBW Capital LLC bought a new position in McDonald’s in the first quarter worth approximately $2,833,000. Blue Fin Capital Inc. raised its stake in McDonald’s by 18.1% in the first quarter. Blue Fin Capital Inc. now owns 7,216 shares of the fast-food giant’s stock worth $1,128,000 after buying an additional 1,105 shares in the last quarter. AGF Investments Inc. raised its stake in McDonald’s by 30.4% in the first quarter. AGF Investments Inc. now owns 164,037 shares of the fast-food giant’s stock worth $25,652,000 after buying an additional 38,195 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its stake in McDonald’s by 1.2% in the first quarter. Picton Mahoney Asset Management now owns 49,800 shares of the fast-food giant’s stock worth $7,787,000 after buying an additional 600 shares in the last quarter. 67.53% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Kevin M. Ozan sold 18,636 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at $4,937,562. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas M. Goare sold 13,255 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total transaction of $2,192,377.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.
Shares of MCD opened at $163.21 on Friday. The firm has a market cap of $127.50 billion, a PE ratio of 23.23, a P/E/G ratio of 2.39 and a beta of 0.63. The company has a debt-to-equity ratio of -6.54, a quick ratio of 1.72 and a current ratio of 1.74. McDonald’s has a 1-year low of $146.84 and a 1-year high of $178.70.
McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.97 billion. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.47 earnings per share. sell-side analysts anticipate that McDonald’s will post 7.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Monday, June 4th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, June 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.66%.
Several research firms have issued reports on MCD. JPMorgan Chase & Co. set a $184.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a report on Wednesday, January 31st. Royal Bank of Canada set a $175.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group set a $191.00 price target on shares of McDonald’s and gave the stock a “buy” rating in a report on Tuesday, January 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $195.00 price target (up from $180.00) on shares of McDonald’s in a report on Wednesday, January 31st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $190.00 price target on shares of McDonald’s in a report on Monday, March 12th. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. McDonald’s has a consensus rating of “Buy” and a consensus target price of $184.03.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.