McDonald's Co. (NYSE:MCD) Position Increased by Ashfield Capital Partners LLC

Ashfield Capital Partners LLC lifted its stake in shares of McDonald's Co. (NYSE:MCD) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,553 shares of the fast-food giant’s stock after buying an additional 727 shares during the period. Ashfield Capital Partners LLC’s holdings in McDonald's were worth $6,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Phocas Financial Corp. purchased a new position in McDonald's in the second quarter valued at $107,000. Proficio Capital Partners LLC increased its stake in shares of McDonald's by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares in the last quarter. Howe & Rusling Inc. increased its stake in shares of McDonald's by 75.0% during the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of McDonald's during the second quarter worth about $153,000. Finally, Accurate Investment Solutions Inc. increased its stake in shares of McDonald's by 861.3% during the third quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock worth $160,000 after purchasing an additional 913 shares in the last quarter. Institutional investors own 67.43% of the company’s stock.

Shares of McDonald's Co. (MCD) traded down $2.41 on Wednesday, reaching $159.99. 5,865,040 shares of the company traded hands, compared to its average volume of 4,380,000. McDonald's Co. has a 1 year low of $125.27 and a 1 year high of $178.70. The stock has a market cap of $127,540.00, a P/E ratio of 25.16, a P/E/G ratio of 2.38 and a beta of 0.59. 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 (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the 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 the consensus estimate of $5.22 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. research analysts predict that McDonald's Co. will post 7.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio is presently 63.52%.

MCD has been the subject of a number of research reports. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank set a $185.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research note on Thursday, January 18th. Finally, Credit Suisse Group upped their price objective on shares of McDonald's from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $184.95.

In related news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 207,550 shares of company stock worth $35,118,055. Insiders own 0.24% of the company’s stock.

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McDonald's Company Profile

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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