Noesis Capital Mangement Corp Trims Stake in McDonald’s Co. (NYSE:MCD)

Noesis Capital Mangement Corp decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 881 shares of the fast-food giant’s stock after selling 151 shares during the period. Noesis Capital Mangement Corp’s holdings in McDonald’s were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. FourThought Financial Partners LLC grew its holdings in shares of McDonald’s by 2.1% during the fourth quarter. FourThought Financial Partners LLC now owns 4,017 shares of the fast-food giant’s stock worth $1,191,000 after buying an additional 83 shares in the last quarter. TCG Advisory Services LLC grew its stake in McDonald’s by 9.1% in the 4th quarter. TCG Advisory Services LLC now owns 38,406 shares of the fast-food giant’s stock worth $11,388,000 after acquiring an additional 3,189 shares during the period. Red Cedar Investment Management LLC raised its holdings in McDonald’s by 1.8% in the 4th quarter. Red Cedar Investment Management LLC now owns 16,781 shares of the fast-food giant’s stock valued at $4,976,000 after acquiring an additional 291 shares during the last quarter. AJOVista LLC purchased a new position in shares of McDonald’s during the 4th quarter worth $59,000. Finally, ARS Wealth Advisors Group LLC boosted its holdings in shares of McDonald’s by 0.7% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 7,686 shares of the fast-food giant’s stock worth $2,279,000 after purchasing an additional 56 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of McDonald’s stock traded down $2.96 during trading on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm’s fifty day moving average is $279.53 and its 200-day moving average is $282.35. The company has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 EPS. On average, research analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued 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 dividend payout ratio is presently 56.71%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MCD shares. Bank of America increased their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. BMO Capital Markets lowered their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $317.74.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

McDonald’s Company 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.