Roman Butler Fullerton & Co. Has $905,000 Holdings in McDonald’s Co. (NYSE:MCD)

Roman Butler Fullerton & Co. lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,097 shares of the fast-food giant’s stock after selling 539 shares during the period. Roman Butler Fullerton & Co.’s holdings in McDonald’s were worth $905,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 0.4% during the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after purchasing an additional 262,147 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after buying an additional 19,217,818 shares during the period. Northern Trust Corp lifted its holdings in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after buying an additional 151,161 shares during the period. Norges Bank acquired a new position in McDonald’s in the fourth quarter valued at $2,341,360,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in McDonald’s by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after buying an additional 237,532 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.3 %

MCD stock traded up $0.87 during trading on Thursday, reaching $270.82. The stock had a trading volume of 410,903 shares, compared to its average volume of 3,207,399. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The company’s 50 day moving average is $283.86 and its two-hundred day moving average is $280.69. The company has a market capitalization of $195.26 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the firm posted $2.59 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCD. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Bank of America boosted their target price on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Barclays dropped their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Finally, Morgan Stanley dropped their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $319.72.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.