HS Management Partners LLC cut its stake in McDonald's Co. (NYSE:MCD) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,573,828 shares of the fast-food giant’s stock after selling 84,900 shares during the period. McDonald's comprises about 8.0% of HS Management Partners LLC’s investment portfolio, making the stock its 3rd largest position. HS Management Partners LLC’s holdings in McDonald's were worth $246,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares during the period. AlphaMark Advisors LLC lifted its stake in McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after acquiring an additional 5 shares during the period. Highland Private Wealth Management lifted its stake in McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after acquiring an additional 6 shares during the period. Winch Advisory Services LLC lifted its stake in McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after acquiring an additional 7 shares during the period. Finally, Valmark Advisers Inc. lifted its stake in McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 67.53% of the company’s stock.

In other news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 207,550 shares of company stock worth $35,118,055. Corporate insiders own 0.24% of the company’s stock.

McDonald's Co. (NYSE:MCD) opened at $160.80 on Friday. McDonald's Co. has a fifty-two week low of $124.36 and a fifty-two week high of $178.70. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The stock has a market cap of $130,250.00, a PE ratio of 25.28, a PEG ratio of 2.43 and a beta of 0.59.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. sell-side analysts forecast that McDonald's Co. will post 7.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. McDonald's’s dividend payout ratio (DPR) is currently 63.52%.

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

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About McDonald's

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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