Bank of New Hampshire Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

Bank of New Hampshire lessened its stake in shares of McDonald’s Co. (NYSE:MCD – Get Rating) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,149 shares of the fast-food giant’s stock after selling 323 shares during the quarter. Bank of New Hampshire’s holdings in McDonald’s were worth $1,884,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in McDonald’s by 0.5% during the third quarter. Vanguard Group Inc. now owns 67,570,353 shares of the fast-food giant’s stock worth $15,591,183,000 after buying an additional 333,884 shares during the period. State Street Corp boosted its stake in McDonald’s by 1.1% during the third quarter. State Street Corp now owns 34,704,308 shares of the fast-food giant’s stock worth $8,007,672,000 after buying an additional 365,601 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of McDonald’s by 16.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock valued at $1,816,219,000 after purchasing an additional 1,105,231 shares during the period. Legal & General Group Plc boosted its stake in shares of McDonald’s by 3.0% in the second quarter. Legal & General Group Plc now owns 5,268,161 shares of the fast-food giant’s stock valued at $1,300,604,000 after purchasing an additional 154,981 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of McDonald’s by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,117,531 shares of the fast-food giant’s stock valued at $1,265,463,000 after purchasing an additional 108,282 shares during the period. Hedge funds and other institutional investors own 66.86% of the company’s stock.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 3,850 shares of McDonald’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $267.69, for a total transaction of $1,030,606.50. Following the completion of the transaction, the chief executive officer now owns 34,637 shares of the company’s stock, valued at approximately $9,271,978.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Catherine A. Hoovel sold 2,876 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $270.00, for a total value of $776,520.00. Following the completion of the transaction, the senior vice president now owns 1,184 shares of the company’s stock, valued at approximately $319,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 3,850 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $267.69, for a total transaction of $1,030,606.50. Following the completion of the transaction, the chief executive officer now directly owns 34,637 shares of the company’s stock, valued at approximately $9,271,978.53. The disclosure for this sale can be found here. Insiders sold 8,122 shares of company stock valued at $2,177,681 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MCD shares. Jefferies Financial Group raised their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. KeyCorp lowered their price objective on shares of McDonald’s from $295.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, February 1st. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $250.00 to $262.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of McDonald’s from $263.00 to $277.00 in a report on Wednesday, February 1st. Finally, Morgan Stanley raised their target price on shares of McDonald’s from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $288.80.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $267.20 on Friday. The firm has a market capitalization of $195.46 billion, a P/E ratio of 32.00, a PEG ratio of 3.13 and a beta of 0.62. McDonald’s Co. has a one year low of $228.34 and a one year high of $281.67. The company’s fifty day moving average is $267.15 and its two-hundred day moving average is $262.86.

McDonald’s (NYSE:MCD – Get Rating) last issued its earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 EPS for the quarter, topping the consensus estimate of $2.46 by $0.13. The company had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.23 EPS. On average, sell-side analysts forecast that McDonald’s Co. will post 10.51 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 28th. McDonald’s’s dividend payout ratio (DPR) is presently 72.81%.

About McDonald’s

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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, Russia, Spain, and the U.K.