Kanawha Capital Management LLC Sells 990 Shares of McDonald’s Co. (NYSE:MCD)

Kanawha Capital Management LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,048 shares of the fast-food giant’s stock after selling 990 shares during the period. McDonald’s makes up approximately 2.0% of Kanawha Capital Management LLC’s holdings, making the stock its 12th largest holding. Kanawha Capital Management LLC’s holdings in McDonald’s were worth $25,524,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Exchange Traded Concepts LLC grew its position in McDonald’s by 1.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after purchasing an additional 42 shares during the last quarter. Creative Planning grew its holdings in McDonald’s by 1.4% during the 3rd quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock valued at $100,311,000 after buying an additional 4,480 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of McDonald’s by 1.9% in the third quarter. Wolff Wiese Magana LLC now owns 3,951 shares of the fast-food giant’s stock worth $1,203,000 after buying an additional 75 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in McDonald’s by 5.5% during the third quarter. Physician Wealth Advisors Inc. now owns 1,865 shares of the fast-food giant’s stock worth $584,000 after acquiring an additional 98 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in McDonald’s by 3.5% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,490 shares of the fast-food giant’s stock worth $3,803,000 after purchasing an additional 426 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. Citigroup raised their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday. Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday. Wedbush upped their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Up 0.8 %

Shares of NYSE MCD opened at $309.99 on Friday. The company has a market cap of $222.15 billion, a P/E ratio of 27.22, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The business’s 50 day moving average is $291.58 and its two-hundred day moving average is $292.08.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Sell-side analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,906 shares of company stock worth $5,406,382 in the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s 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, Russia, Spain, and the U.K.