McDonald's Co. (NYSE:MCD) Stake Lessened by Wagner Bowman Management Corp

Wagner Bowman Management Corp lowered its position in shares of McDonald's Co. (NYSE:MCD) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,297 shares of the fast-food giant’s stock after selling 565 shares during the period. McDonald's comprises about 1.1% of Wagner Bowman Management Corp’s portfolio, making the stock its 19th biggest position. Wagner Bowman Management Corp’s holdings in McDonald's were worth $4,182,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tarbox Family Office Inc. grew its position in shares of McDonald's by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after buying an additional 328 shares during the last quarter. Tredje AP fonden grew its position in shares of McDonald's by 26.7% in the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after buying an additional 25,380 shares during the last quarter. Beaton Management Co. Inc. bought a new stake in shares of McDonald's in the 2nd quarter valued at about $555,000. Buckingham Asset Management LLC grew its position in shares of McDonald's by 157.5% in the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after buying an additional 11,604 shares during the last quarter. Finally, Navellier & Associates Inc grew its position in shares of McDonald's by 47.7% in the 2nd quarter. Navellier & Associates Inc now owns 25,400 shares of the fast-food giant’s stock valued at $3,890,000 after buying an additional 8,200 shares during the last quarter. Institutional investors and hedge funds own 68.54% of the company’s stock.

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MCD has been the topic of a number of analyst reports. Goldman Sachs reiterated a “buy” rating and issued a $186.00 price target on shares of McDonald's in a research report on Friday, March 23rd. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the company a “buy” rating in a research report on Thursday, December 21st. Bank of America set a $200.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group reissued an “outperform” rating and issued a $185.00 price objective (up from $178.00) on shares of McDonald's in a research note on Tuesday, December 19th. Finally, JPMorgan Chase set a $186.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $183.00.

MCD traded down $2.70 during midday trading on Friday, reaching $161.25. 4,321,878 shares of the company were exchanged, compared to its average volume of 4,682,049. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. The firm has a market capitalization of $128,112.80, a P/E ratio of 24.21, a P/E/G ratio of 2.43 and a beta of 0.64. McDonald's Co. has a one year low of $129.52 and a one year high of $178.70.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders 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 yield of 2.51%. The ex-dividend date was Wednesday, February 28th. McDonald's’s dividend payout ratio is currently 60.66%.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, 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 the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction that occurred 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. Insiders own 0.24% of the company’s stock.

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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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