SignalPoint Asset Management LLC Reduces Holdings in McDonald's Co. (NYSE:MCD)

SignalPoint Asset Management LLC decreased its position in McDonald's Co. (NYSE:MCD) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,577 shares of the fast-food giant’s stock after selling 421 shares during the period. SignalPoint Asset Management LLC’s holdings in McDonald's were worth $788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Janus Henderson Group PLC raised its holdings in McDonald's by 3,951.0% in the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after acquiring an additional 4,313,253 shares in the last quarter. FMR LLC raised its holdings in shares of McDonald's by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the period. Alliancebernstein L.P. raised its holdings in shares of McDonald's by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares during the period. Jennison Associates LLC raised its holdings in shares of McDonald's by 26.5% during the fourth quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock worth $1,518,138,000 after purchasing an additional 1,848,111 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. Hedge funds and other institutional investors own 68.54% of the company’s stock.

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

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 stock was 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 of the company’s stock, valued at approximately $238,414.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas M. Goare sold 34,575 shares of the company’s 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 disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

NYSE MCD traded down $2.70 during trading on Friday, hitting $161.25. The stock had a trading volume of 4,321,211 shares, compared to its average volume of 4,882,054. McDonald's Co. has a 12 month low of $129.52 and a 12 month high of $178.70. The stock 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. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84.

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

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

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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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