Dorsey & Whitney Trust CO LLC trimmed its position in Mcdonald’s Corp (NYSE:MCD) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,686 shares of the fast-food giant’s stock after selling 308 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Mcdonald’s were worth $1,898,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Highwater Wealth Management LLC purchased a new position in Mcdonald’s in the fourth quarter valued at about $38,000. Strategic Wealth Partners Ltd. boosted its stake in Mcdonald’s by 47.9% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock valued at $38,000 after acquiring an additional 67 shares during the last quarter. New Capital Management LP boosted its stake in Mcdonald’s by 33.1% in the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock valued at $39,000 after acquiring an additional 55 shares during the last quarter. Tower View Investment Management & Research LLC boosted its stake in Mcdonald’s by 20.6% in the fourth quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock valued at $67,000 after acquiring an additional 64 shares during the last quarter. Finally, NuWave Investment Management LLC boosted its stake in Mcdonald’s by 2,485.2% in the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 671 shares during the last quarter. 67.21% of the stock is owned by institutional investors and hedge funds.

MCD has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Monday, November 26th. Jefferies Financial Group upped their price target on shares of Mcdonald’s from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 24th. Morgan Stanley upgraded shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $173.00 to $210.00 in a research note on Thursday, November 29th. Goldman Sachs Group restated a “buy” rating and set a $195.00 price target on shares of Mcdonald’s in a research note on Friday, October 26th. Finally, Evercore ISI upgraded shares of Mcdonald’s from an “in-line” rating to an “outperform” rating in a research note on Monday, October 15th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $192.35.

In other Mcdonald’s news, EVP David Ogden Fairhurst sold 76,411 shares of the stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $178.25, for a total value of $13,620,260.75. Following the sale, the executive vice president now directly owns 12,110 shares in the company, valued at approximately $2,158,607.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Lane Gibbs sold 22,036 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total transaction of $3,987,414.20. The disclosure for this sale can be found here. Insiders sold a total of 128,447 shares of company stock worth $23,015,775 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

NYSE MCD opened at $174.75 on Friday. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $190.88. The company has a market capitalization of $135.10 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.43 and a beta of 0.52.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the prior year, the company posted $1.71 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Mcdonald’s Corp will post 8.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, February 28th. Mcdonald’s’s dividend payout ratio is presently 58.73%.

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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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