Northcape Wealth Management LLC Sells 51 Shares of McDonald’s Co. (NYSE:MCD)

Northcape Wealth Management LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,619 shares of the fast-food giant’s stock after selling 51 shares during the quarter. Northcape Wealth Management LLC’s holdings in McDonald’s were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 worth $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new stake in McDonald’s during the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s in the 4th quarter worth approximately $39,000. Bear Mountain Capital Inc. purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $43,000. Finally, Mendota Financial Group LLC bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $50,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MCD shares. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Royal Bank of Canada decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Bank of America raised their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. 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, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.67.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s 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 $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.2 %

NYSE:MCD traded down $0.48 during mid-day trading on Tuesday, hitting $273.07. 6,893,865 shares of the stock traded hands, compared to its average volume of 3,313,933. The stock has a market capitalization of $196.89 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.98 and a beta of 0.71. The firm’s 50 day moving average is $281.31 and its two-hundred day moving average is $282.15. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the firm earned $2.63 EPS. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. 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 is currently 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.