Folger Nolan Fleming Douglas Capital Management Inc. Has $16.31 Million Holdings in McDonald’s Co. (NYSE:MCD)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in McDonald’s Co. (NYSE:MCD) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,991 shares of the fast-food giant’s stock after selling 671 shares during the quarter. McDonald’s makes up 1.8% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 13th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in McDonald’s were worth $16,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Independent Wealth Network Inc. increased its holdings in McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares in the last quarter. Paragon Capital Management Ltd increased its holdings in shares of McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares in the last quarter. Unique Wealth LLC increased its holdings in shares of McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after acquiring an additional 38 shares in the last quarter. Patron Partners LLC increased its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after acquiring an additional 38 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its holdings in shares of McDonald’s by 4.4% during the fourth quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MCD shares. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Robert W. Baird restated an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Bank of America upped their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $318.41.

McDonald’s Price Performance

Shares of NYSE MCD traded down $2.51 during trading on Friday, reaching $273.09. 3,636,458 shares of the stock traded hands, compared to its average volume of 3,338,426. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The company has a 50-day moving average of $281.68 and a 200-day moving average of $281.53. The stock has a market capitalization of $196.90 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.59 EPS. Analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.