Sandy Spring Bank Cuts Position in McDonald's Co. (MCD)

Sandy Spring Bank trimmed its position in McDonald's Co. (NYSE:MCD) by 1.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 80,419 shares of the fast-food giant’s stock after selling 1,121 shares during the period. McDonald's comprises 1.2% of Sandy Spring Bank’s investment portfolio, making the stock its 12th biggest position. Sandy Spring Bank’s holdings in McDonald's were worth $12,601,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Phocas Financial Corp. bought a new position in shares of McDonald's in the 2nd quarter worth $107,000. Proficio Capital Partners LLC increased its holdings in shares of McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares during the last quarter. Howe & Rusling Inc. increased its holdings in shares of McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of McDonald's in the 2nd quarter worth $153,000. Finally, Accurate Investment Solutions Inc. increased its holdings in shares of McDonald's by 861.3% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock worth $160,000 after buying an additional 913 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

McDonald's Co. (MCD) traded down $2.52 during trading on Friday, reaching $169.38. 4,562,063 shares of the company were exchanged, compared to its average volume of 3,460,000. The stock has a market capitalization of $137,200.00, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's Co. has a 52 week low of $123.28 and a 52 week high of $178.70.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. The business’s revenue was down 11.4% compared to the same quarter last year. sell-side analysts anticipate that McDonald's Co. will post 7.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s payout ratio is presently 63.52%.

In other news, 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 value of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 207,550 shares of company stock worth $35,118,055. Company insiders own 0.24% of the company’s stock.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. set a $184.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Nomura reissued a “buy” rating and issued a $198.00 price target (up previously from $190.00) on shares of McDonald's in a report on Tuesday, January 23rd. Royal Bank of Canada set a $190.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. McDonald's presently has a consensus rating of “Buy” and a consensus price target of $183.42.

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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.

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

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