McDonald's Co. (MCD) Position Lowered by Foster Dykema Cabot & Co. Inc. MA

Foster Dykema Cabot & Co. Inc. MA lowered its stake in shares of McDonald's Co. (NYSE:MCD) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,128 shares of the fast-food giant’s stock after selling 701 shares during the quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in McDonald's were worth $1,055,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AlphaMark Advisors LLC raised its position in shares of McDonald's by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after acquiring an additional 5 shares in the last quarter. Highland Private Wealth Management raised its position in shares of McDonald's by 0.3% in the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after acquiring an additional 6 shares in the last quarter. Allen Investment Management LLC grew its stake in shares of McDonald's by 0.5% in the 2nd quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock valued at $264,000 after buying an additional 9 shares during the period. Risk Paradigm Group LLC grew its stake in shares of McDonald's by 1.5% in the 2nd quarter. Risk Paradigm Group LLC now owns 1,518 shares of the fast-food giant’s stock valued at $232,000 after buying an additional 22 shares during the period. Finally, Cim LLC grew its stake in shares of McDonald's by 1.2% in the 2nd quarter. Cim LLC now owns 2,065 shares of the fast-food giant’s stock valued at $316,000 after buying an additional 25 shares during the period. 68.54% of the stock is currently owned by hedge funds and other institutional investors.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of McDonald'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 completion of the transaction, the vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction on 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. Insiders own 0.24% of the company’s stock.

Shares of MCD stock traded down $2.70 on Friday, hitting $161.25. 4,321,211 shares of the stock traded hands, compared to its average volume of 4,882,054. The company has a market capitalization of $128,494.15, a price-to-earnings ratio of 24.21, a PEG ratio of 2.44 and a beta of 0.64. McDonald's Co. has a 52 week low of $129.52 and a 52 week high of $178.70. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.

McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. McDonald's’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. equities research analysts expect that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.51%. McDonald's’s dividend payout ratio is currently 60.66%.

A number of research firms have issued reports on MCD. Vetr downgraded McDonald's from a “buy” rating to a “hold” rating and set a $165.99 price target for the company. in a research note on Tuesday. Zacks Investment Research cut shares of McDonald's from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Royal Bank of Canada reissued an “outperform” rating and set a $170.00 target price on shares of McDonald's in a research report on Monday, March 12th. Goldman Sachs reaffirmed a “buy” rating and issued a $186.00 price target on shares of McDonald's in a report on Friday, March 23rd. Finally, BMO Capital Markets reissued a “buy” rating and set a $190.00 target price on shares of McDonald's in a report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-five have issued a buy rating to the stock. McDonald's has an average rating of “Buy” and a consensus price target of $183.00.

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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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