Evercore Wealth Management LLC lessened its position in McDonald's Co. (NYSE:MCD) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,895 shares of the fast-food giant’s stock after selling 1,980 shares during the period. Evercore Wealth Management LLC’s holdings in McDonald's were worth $4,528,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MCD. Horan Capital Advisors LLC. bought a new stake in shares of McDonald's during the 3rd quarter valued at about $104,000. Phocas Financial Corp. bought a new stake in shares of McDonald's during the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC boosted its stake in shares of McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its stake in shares of McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares in the last quarter. 67.53% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Co. (MCD) opened at $158.97 on Friday. McDonald's Co. has a 12-month low of $124.36 and a 12-month high of $178.70. The stock has a market cap of $132,101.63, a PE ratio of 24.84, a P/E/G ratio of 2.43 and a beta of 0.59. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. McDonald's’s revenue was down 11.4% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. equities analysts anticipate that McDonald's Co. will post 7.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.54%. McDonald's’s dividend payout ratio (DPR) is presently 63.52%.

A number of equities research analysts have recently weighed in on the stock. Bank of America set a $200.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $191.00 target price (up previously from $185.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Nomura reaffirmed a “buy” rating and set a $198.00 target price (up previously from $190.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price on the stock in a research note on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. McDonald's has an average rating of “Buy” and a consensus price target of $184.95.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The disclosure for this sale can be found here. Insiders sold 207,550 shares of company stock valued at $35,118,055 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

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McDonald's Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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