Obermeyer Wood Investment Counsel Lllp Has $47.90 Million Position in McDonald’s Co. (NYSE:MCD)

Obermeyer Wood Investment Counsel Lllp decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,548 shares of the fast-food giant’s stock after selling 3,677 shares during the quarter. McDonald’s comprises about 3.3% of Obermeyer Wood Investment Counsel Lllp’s investment portfolio, making the stock its 9th largest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in McDonald’s were worth $47,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Wealth Network Inc. lifted its position in shares of McDonald’s by 4.2% during 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 lifted its position 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 worth $407,000 after purchasing an additional 36 shares in the last quarter. Proquility Private Wealth Partners LLC raised its stake in shares of McDonald’s by 1.0% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock worth $985,000 after buying an additional 38 shares during the last quarter. Unique Wealth LLC raised its stake 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 worth $963,000 after buying an additional 38 shares during the last quarter. Finally, Patron Partners LLC raised its stake 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 worth $1,529,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MCD shares. Robert W. Baird reissued an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. TD Cowen reissued a “buy” rating and set a $325.00 price target on shares of McDonald’s in a research note on Wednesday, April 10th. Citigroup dropped their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $319.72.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.

McDonald’s Trading Up 0.4 %

MCD stock traded up $1.03 during mid-day trading on Thursday, hitting $270.98. The stock had a trading volume of 3,378,240 shares, compared to its average volume of 3,248,558. The firm has a fifty day simple moving average of $283.86 and a 200 day simple moving average of $280.69. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm has a market capitalization of $195.38 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating 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 company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the company posted $2.59 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s dividend payout ratio is presently 57.74%.

McDonald’s 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.