Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 1,356 Shares of McDonald's Co. (MCD)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its holdings in shares of McDonald's Co. (NYSE:MCD) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 159,041 shares of the fast-food giant’s stock after selling 1,356 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in McDonald's were worth $27,374,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in McDonald's by 3,951.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares during the last quarter. FMR LLC grew its holdings in McDonald's by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after acquiring an additional 3,530,622 shares during the last quarter. Jennison Associates LLC grew its holdings 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 worth $1,518,138,000 after acquiring an additional 1,848,111 shares during the last quarter. BlackRock Inc. grew its holdings in McDonald's by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in McDonald's by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after acquiring an additional 1,572,074 shares during the last quarter. 68.54% of the stock is currently owned by institutional investors.

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Shares of NYSE MCD opened at $163.95 on Friday. McDonald's Co. has a 1 year low of $129.52 and a 1 year high of $178.70. The stock has a market cap of $127,437.46, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.64. 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 (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. McDonald's’s revenue was down 11.4% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. research analysts forecast that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.46%. McDonald's’s dividend payout ratio (DPR) is presently 60.66%.

A number of equities research analysts have issued reports on MCD shares. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a report on Thursday, January 18th. Stifel Nicolaus set a $172.00 price target on shares of McDonald's and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Piper Jaffray lifted their target price on shares of McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Goldman Sachs set a $200.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $175.00 target price (down previously from $191.00) on shares of McDonald's in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $183.00.

In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

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McDonald's Company Profile

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.

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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