McDonald’s Co. (MCD) Stake Lowered by Laurel Wealth Advisors Inc.

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Laurel Wealth Advisors Inc. lessened its stake in McDonald’s Co. (NYSE:MCD) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,733 shares of the fast-food giant’s stock after selling 439 shares during the quarter. McDonald’s makes up 0.8% of Laurel Wealth Advisors Inc.’s holdings, making the stock its 28th biggest position. Laurel Wealth Advisors Inc.’s holdings in McDonald’s were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. BlackRock Inc. raised its stake in McDonald’s by 0.9% in the 4th quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock valued at $9,558,713,000 after acquiring an additional 481,739 shares during the period. Jennison Associates LLC raised its stake in McDonald’s by 26.5% in the 4th quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock valued at $1,518,138,000 after acquiring an additional 1,848,111 shares during the period. Geode Capital Management LLC raised its stake in McDonald’s by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,191,870 shares of the fast-food giant’s stock valued at $1,406,932,000 after acquiring an additional 270,898 shares during the period. Magellan Asset Management Ltd raised its stake in McDonald’s by 2.0% in the 4th quarter. Magellan Asset Management Ltd now owns 7,248,352 shares of the fast-food giant’s stock valued at $1,247,586,000 after acquiring an additional 139,991 shares during the period. Finally, APG Asset Management N.V. raised its stake in McDonald’s by 22.3% in the 4th quarter. APG Asset Management N.V. now owns 3,709,322 shares of the fast-food giant’s stock valued at $531,686,000 after acquiring an additional 675,700 shares during the period. 67.26% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on MCD shares. Morgan Stanley dropped their price target on McDonald’s from $184.00 to $169.00 and set a “neutral” rating on the stock in a research note on Monday, March 26th. Nomura upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $191.00 price target on the stock in a research note on Thursday, June 7th. Bank of America set a $180.00 price target on McDonald’s and gave the company a “buy” rating in a research note on Monday, March 5th. Piper Jaffray Companies set a $185.00 price target on McDonald’s and gave the company a “buy” rating in a research note on Tuesday, April 10th. Finally, Royal Bank of Canada upgraded McDonald’s to an “outperform” rating and set a $175.00 price target on the stock in a research note on Tuesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $184.00.

MCD opened at $156.69 on Friday. The firm has a market cap of $123.60 billion, a PE ratio of 23.53, a P/E/G ratio of 2.32 and a beta of 0.63. McDonald’s Co. has a 52-week low of $146.84 and a 52-week high of $178.70. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.12. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.97 billion. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. McDonald’s’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. equities analysts forecast that McDonald’s Co. will post 7.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.58%. The ex-dividend date was Friday, June 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.66%.

In related news, EVP Kevin M. Ozan sold 18,636 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total value of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at $4,937,562. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas M. Goare sold 13,255 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

McDonald’s 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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