Telos Capital Management Inc. trimmed its position in shares of McDonald's Co. (NYSE:MCD) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. DT Investment Partners LLC bought a new position in shares of McDonald's during the fourth quarter valued at about $204,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of McDonald's during the fourth quarter valued at about $226,000. Ledyard National Bank raised its stake in shares of McDonald's by 8.4% during the fourth quarter. Ledyard National Bank now owns 6,973 shares of the fast-food giant’s stock valued at $1,200,000 after acquiring an additional 538 shares during the last quarter. Braun Stacey Associates Inc. raised its stake in shares of McDonald's by 5.6% during the fourth quarter. Braun Stacey Associates Inc. now owns 16,537 shares of the fast-food giant’s stock valued at $2,846,000 after acquiring an additional 875 shares during the last quarter. Finally, LMR Partners LLP increased its position in shares of McDonald's by 134.1% during the fourth quarter. LMR Partners LLP now owns 32,427 shares of the fast-food giant’s stock valued at $5,581,000 after buying an additional 18,576 shares during the period. 68.59% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. sell-side analysts forecast that McDonald's Co. will post 7.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is 55.88%.
Several equities analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $170.00 price target on shares of McDonald's in a research report on Monday. Credit Suisse Group reiterated an “outperform” rating and set a $175.00 price target (down previously from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. BMO Capital Markets reiterated a “buy” rating and set a $190.00 price target on shares of McDonald's in a research report on Monday. Zacks Investment Research cut shares of McDonald's from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $182.00 price target on shares of McDonald's in a research report on Monday. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $183.02.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/03/14/mcdonalds-co-mcd-stake-lowered-by-telos-capital-management-inc.html.
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.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.