Hamel Associates Inc. Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Hamel Associates Inc. lessened its stake in McDonald’s Co. (NYSE:MCD) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,137 shares of the fast-food giant’s stock after selling 44 shares during the quarter. McDonald’s accounts for 2.1% of Hamel Associates Inc.’s investment portfolio, making the stock its 21st biggest holding. Hamel Associates Inc.’s holdings in McDonald’s were worth $6,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Metis Global Partners LLC grew its stake in McDonald’s by 4.6% in the fourth quarter. Metis Global Partners LLC now owns 48,708 shares of the fast-food giant’s stock valued at $14,120,000 after purchasing an additional 2,130 shares during the last quarter. West Michigan Advisors LLC boosted its holdings in McDonald’s by 4.0% in the fourth quarter. West Michigan Advisors LLC now owns 3,332 shares of the fast-food giant’s stock worth $966,000 after acquiring an additional 128 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in McDonald’s by 16.5% in the fourth quarter. Fisher Asset Management LLC now owns 297,971 shares of the fast-food giant’s stock worth $86,379,000 after acquiring an additional 42,223 shares in the last quarter. Wiser Advisor Group LLC boosted its holdings in McDonald’s by 2.2% in the fourth quarter. Wiser Advisor Group LLC now owns 4,374 shares of the fast-food giant’s stock worth $1,268,000 after acquiring an additional 95 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in McDonald’s in the fourth quarter worth about $12,254,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.6 %

Shares of MCD stock opened at $308.17 on Friday. The stock has a market cap of $220.84 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a 50 day moving average of $294.06 and a 200 day moving average of $295.09.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock worth $10,206,575 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Barclays raised their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. TD Securities reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. KeyCorp raised their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Morgan Stanley lifted their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Citigroup lifted their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.