Wesbanco Bank Inc. Trims Position in McDonald's Co. (NYSE:MCD)

Wesbanco Bank Inc. cut its position in shares of McDonald's Co. (NYSE:MCD) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,160 shares of the fast-food giant’s stock after selling 1,436 shares during the period. Wesbanco Bank Inc.’s holdings in McDonald's were worth $8,289,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MCD. Miles Capital Inc. purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $203,000. Dean Capital Investments Management LLC purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $299,000. Horan Capital Management purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $110,000. Mutual of America Capital Management LLC raised its stake in shares of McDonald's by 0.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 100,108 shares of the fast-food giant’s stock valued at $17,231,000 after acquiring an additional 867 shares during the period. Finally, Resources Investment Advisors Inc. raised its stake in shares of McDonald's by 102.4% in the 4th quarter. Resources Investment Advisors Inc. now owns 4,111 shares of the fast-food giant’s stock valued at $707,000 after acquiring an additional 2,080 shares during the period. 68.54% of the stock is currently owned by institutional investors.

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In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

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

NYSE MCD traded down $2.70 on Friday, hitting $161.25. 4,321,878 shares of the stock were exchanged, compared to its average volume of 4,682,049. McDonald's Co. has a fifty-two week low of $129.52 and a fifty-two week high of $178.70. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. The stock has a market capitalization of $128,112.80, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating 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 201.76%. The business had revenue of $5.34 billion during 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 company’s revenue for the quarter was down 11.4% on a year-over-year basis. equities research analysts expect that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.

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

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McDonald's 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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