McDonald's Co. (MCD) Position Trimmed by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC trimmed its stake in McDonald's Co. (NYSE:MCD) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,071 shares of the fast-food giant’s stock after selling 711 shares during the period. McDonald's comprises about 1.8% of Alpha Omega Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Alpha Omega Wealth Management LLC’s holdings in McDonald's were worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Phocas Financial Corp. bought a new position in McDonald's during the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC increased its position in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares in the last quarter. Howe & Rusling Inc. increased its position in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in McDonald's in the 2nd quarter valued at about $153,000. Finally, Accurate Investment Solutions Inc. increased its position in 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 valued at $160,000 after acquiring an additional 913 shares in the last quarter. 67.53% of the stock is owned by institutional investors.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Insiders have sold 207,550 shares of company stock worth $35,118,055 over the last ninety days. Insiders own 0.24% of the company’s stock.

MCD has been the subject of several research reports. Piper Jaffray Companies set a $170.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research report on Thursday, October 12th. SunTrust Banks restated a “buy” rating and issued a $178.00 price objective on shares of McDonald's in a research report on Thursday, October 12th. Royal Bank of Canada raised their price objective on shares of McDonald's from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. Goldman Sachs Group set a $172.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Nomura set a $183.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $183.42.

Shares of McDonald's Co. (NYSE MCD) traded down $5.53 during mid-day trading on Monday, hitting $163.85. 7,310,000 shares of the stock were exchanged, compared to its average volume of 3,460,000. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's Co. has a twelve month low of $123.28 and a twelve month high of $178.70. The company has a market capitalization of $132,720.00, a price-to-earnings ratio of 25.76, a PEG ratio of 2.50 and a beta of 0.59.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. equities analysts predict that McDonald's Co. will post 7.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is currently 63.52%.

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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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