McDonald’s Co. (NYSE:MCD) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors lowered its stake in McDonald’s Co. (NYSE:MCD) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,818 shares of the fast-food giant’s stock after selling 2,077 shares during the quarter. McDonald’s comprises 2.1% of Tower Bridge Advisors’ portfolio, making the stock its 9th largest position. Tower Bridge Advisors’ holdings in McDonald’s were worth $19,950,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mattern Capital Management LLC grew its stake in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after buying an additional 579 shares in the last quarter. Bell Bank grew its stake in McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after purchasing an additional 371 shares in the last quarter. Kennebec Savings Bank acquired a new stake in McDonald’s during the 3rd quarter valued at approximately $1,394,000. YANKCOM Partnership acquired a new stake in McDonald’s during the 4th quarter valued at approximately $1,628,000. Finally, Charles Schwab Investment Management Inc. grew its stake in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $308.17 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a fifty day moving average of $294.06 and a two-hundred day moving average of $295.09. The firm has a market capitalization of $220.84 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. TD Securities restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Citigroup raised their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays raised their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley increased their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.