NBW Capital LLC Sells 345 Shares of McDonald’s Co. (NYSE:MCD)

NBW Capital LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,081 shares of the fast-food giant’s stock after selling 345 shares during the quarter. NBW Capital LLC’s holdings in McDonald’s were worth $5,361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Independent Wealth Network Inc. boosted 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 acquiring an additional 35 shares during the last quarter. Paragon Capital Management Ltd boosted 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 acquiring an additional 36 shares during the last quarter. Unique Wealth LLC lifted its position in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares during the last quarter. Patron Partners LLC lifted its position in McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after purchasing an additional 38 shares during the last quarter. Finally, Wagner Wealth Management LLC lifted its position in McDonald’s by 4.4% during the fourth quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s 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 transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Stifel Nicolaus lowered their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Royal Bank of Canada lowered their price objective 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. Stephens reiterated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Finally, Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Price Performance

NYSE MCD traded down $0.91 during trading on Thursday, reaching $269.04. 1,544,410 shares of the company’s stock traded hands, compared to its average volume of 3,223,300. The firm has a market cap of $193.98 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The company’s 50 day simple moving average is $283.86 and its two-hundred day simple moving average is $280.69. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.59 EPS. Research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 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.