Telos Capital Management Inc. lowered its position in shares of McDonald's Co. (NYSE:MCD) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,873 shares of the fast-food giant’s stock after selling 369 shares during the period. Telos Capital Management Inc.’s holdings in McDonald's were worth $2,216,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. AlphaMark Advisors LLC grew its position in shares of McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 5 shares during the last quarter. Highland Private Wealth Management lifted its stake in shares of McDonald's by 0.3% during the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after buying an additional 6 shares during the period. Allen Investment Management LLC lifted its stake in shares of McDonald's by 0.5% during the second quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock valued at $264,000 after buying an additional 9 shares during the period. Risk Paradigm Group LLC lifted its stake in shares of McDonald's by 1.5% during the second quarter. Risk Paradigm Group LLC now owns 1,518 shares of the fast-food giant’s stock valued at $232,000 after buying an additional 22 shares during the period. Finally, Cim LLC lifted its stake in shares of McDonald's by 1.2% during the second quarter. Cim LLC now owns 2,065 shares of the fast-food giant’s stock valued at $316,000 after buying an additional 25 shares during the period. 68.51% of the stock is owned by hedge funds and other institutional investors.
Shares of MCD stock traded down $0.10 during trading on Wednesday, hitting $159.28. 1,241,009 shares of the stock were exchanged, compared to its average volume of 4,910,741. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82. McDonald's Co. has a twelve month low of $128.41 and a twelve month high of $178.70. The firm has a market capitalization of $126,333.11, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.54%. The ex-dividend date was Wednesday, February 28th. McDonald's’s payout ratio is currently 63.52%.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and raised their target price for the company from $150.00 to $200.00 in a research note on Tuesday, December 5th. Barclays set a $193.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Friday, December 8th. Goldman Sachs set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies raised their price objective on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $183.02.
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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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