Chilton Capital Management LLC Sells 92 Shares of McDonald’s Co. (NYSE:MCD)

Chilton Capital Management LLC lessened its holdings in McDonald’s Co. (NYSE:MCD) by 8.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 953 shares of the fast-food giant’s stock after selling 92 shares during the quarter. Chilton Capital Management LLC’s holdings in McDonald’s were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. Blue Bell Private Wealth Management LLC lifted its stake in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in McDonald’s in the third quarter valued at approximately $33,000. Retirement Group LLC purchased a new position in McDonald’s in the fourth quarter valued at approximately $37,000. Authentikos Wealth Advisory LLC purchased a new position in McDonald’s in the third quarter valued at approximately $45,000. Finally, Compass Wealth Management LLC purchased a new position in McDonald’s in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.0 %

NYSE:MCD traded down $0.07 during trading hours on Friday, reaching $281.95. The company had a trading volume of 3,454,073 shares, compared to its average volume of 3,220,666. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm has a market cap of $203.58 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.05 and a beta of 0.72. The firm’s 50 day moving average price is $290.39 and its 200-day moving average price is $280.93.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MCD shares. BMO Capital Markets increased their target price on McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a report on Monday. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Bank of America upped their price target on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada cut their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $320.60.

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.