Headinvest LLC trimmed its stake in shares of McDonald's Co. (NYSE:MCD) by 12.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,859 shares of the fast-food giant’s stock after selling 405 shares during the quarter. Headinvest LLC’s holdings in McDonald's were worth $492,000 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. Horan Capital Advisors LLC. purchased a new stake in McDonald's in the 3rd quarter worth about $104,000. Phocas Financial Corp. purchased a new stake in McDonald's in the 2nd quarter worth about $107,000. Tarbox Family Office Inc. lifted its stake in McDonald's by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after acquiring an additional 328 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after acquiring an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares in the last quarter. 68.59% of the stock is owned by institutional investors and hedge funds.

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Shares of McDonald's Co. (MCD) opened at $158.22 on Wednesday. The stock has a market capitalization of $125,710.00, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. McDonald's Co. has a fifty-two week low of $127.47 and a fifty-two week high of $178.70.

McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion for 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 was down 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. equities research analysts forecast that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is currently 55.88%.

Several brokerages recently issued reports on MCD. Royal Bank of Canada reissued an “outperform” rating and issued a $170.00 price objective on shares of McDonald's in a research note on Monday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $175.00 target price (down from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $190.00 target price on shares of McDonald's in a research report on Monday. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $182.00 target price on shares of McDonald's in a research report on Monday. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. McDonald's presently has a consensus rating of “Buy” and a consensus target price of $183.02.

In related news, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction 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 firm’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 value of $238,414.92. Following the transaction, 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. 0.24% of the stock is currently owned by company insiders.

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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.

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

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