NBW Capital LLC Purchases New Position in McDonald’s (MCD)

NBW Capital LLC purchased a new position in shares of McDonald’s (NYSE:MCD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,118 shares of the fast-food giant’s stock, valued at approximately $2,833,000.

A number of other large investors also recently made changes to their positions in the stock. Novare Capital Management LLC acquired a new position in McDonald’s in the third quarter valued at $4,641,000. Banque Pictet & Cie SA increased its stake in McDonald’s by 14.4% in the third quarter. Banque Pictet & Cie SA now owns 858,911 shares of the fast-food giant’s stock valued at $134,574,000 after purchasing an additional 108,319 shares during the period. Vaughan David Investments Inc. IL increased its stake in McDonald’s by 449.4% in the third quarter. Vaughan David Investments Inc. IL now owns 37,040 shares of the fast-food giant’s stock valued at $2,372,000 after purchasing an additional 30,298 shares during the period. Macquarie Group Ltd. increased its stake in McDonald’s by 21.4% in the third quarter. Macquarie Group Ltd. now owns 85,425 shares of the fast-food giant’s stock valued at $13,385,000 after purchasing an additional 15,030 shares during the period. Finally, Cipher Capital LP acquired a new position in McDonald’s in the third quarter valued at $8,832,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.

MCD has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of McDonald’s from $167.00 to $176.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Barclays dropped their price objective on shares of McDonald’s from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Morgan Stanley dropped their price objective on shares of McDonald’s from $184.00 to $169.00 and set a “neutral” rating on the stock in a research note on Monday, March 26th. Goldman Sachs Group set a $200.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Bank of America set a $180.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a research note on Monday, March 5th. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $184.03.

In related news, insider Douglas M. Goare sold 13,255 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total transaction of $2,192,377.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kevin M. Ozan sold 18,636 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares in the company, valued at approximately $4,937,562. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

MCD stock opened at $162.39 on Friday. The stock has a market cap of $126.90 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.38 and a beta of 0.63. McDonald’s has a 52 week low of $146.84 and a 52 week high of $178.70. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.97 billion. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 earnings per share. equities analysts predict that McDonald’s will post 7.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Investors of record on Monday, June 4th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.49%. McDonald’s’s dividend payout ratio is currently 60.66%.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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