HM Payson & Co. Lowers Stake in McDonald’s Co. (MCD)

HM Payson & Co. trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 7.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,492 shares of the fast-food giant’s stock after selling 24,292 shares during the quarter. McDonald’s accounts for 1.9% of HM Payson & Co.’s investment portfolio, making the stock its 12th largest holding. HM Payson & Co.’s holdings in McDonald’s were worth $45,739,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in McDonald’s by 0.9% during the fourth quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock worth $9,558,713,000 after buying an additional 481,739 shares in the last quarter. Jennison Associates LLC grew its holdings in McDonald’s by 26.5% during the fourth quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock worth $1,518,138,000 after buying an additional 1,848,111 shares in the last quarter. Geode Capital Management LLC grew its holdings in McDonald’s by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,191,870 shares of the fast-food giant’s stock worth $1,406,932,000 after buying an additional 270,898 shares in the last quarter. Magellan Asset Management Ltd grew its holdings in McDonald’s by 2.0% during the fourth quarter. Magellan Asset Management Ltd now owns 7,248,352 shares of the fast-food giant’s stock worth $1,247,586,000 after buying an additional 139,991 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in McDonald’s by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,234,249 shares of the fast-food giant’s stock worth $728,799,000 after buying an additional 127,357 shares in the last quarter. 67.23% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. Morgan Stanley decreased their price target on McDonald’s from $184.00 to $169.00 and set a “neutral” rating for the company in a report on Monday, March 26th. BMO Capital Markets reiterated a “buy” rating and set a $190.00 price target on shares of McDonald’s in a report on Monday, March 12th. Stifel Nicolaus upped their price target on McDonald’s from $165.00 to $168.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. JPMorgan Chase & Co. reiterated a “buy” rating and set a $182.00 price target on shares of McDonald’s in a report on Monday, March 12th. Finally, ValuEngine downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $183.70.

Shares of MCD opened at $164.55 on Friday. The stock has a market cap of $127.64 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.39 and a beta of 0.63. The company has a debt-to-equity ratio of -6.54, a quick ratio of 1.72 and a current ratio of 1.74. McDonald’s Co. has a 52-week low of $146.84 and a 52-week high of $178.70.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.97 billion. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. research analysts expect that McDonald’s Co. will post 7.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were issued a dividend of $1.01 per share. The ex-dividend date was Friday, June 1st. This represents a $4.04 dividend on an annualized basis and a yield of 2.46%. McDonald’s’s dividend payout ratio (DPR) is 60.66%.

In related news, insider Douglas M. Goare sold 13,255 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.40, for a total transaction of $2,192,377.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kevin M. Ozan sold 18,636 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total value of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares in the company, valued at approximately $4,937,562. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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