Bryn Mawr Capital Management LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Bryn Mawr Capital Management LLC increased its position in McDonald’s Co. (NYSE:MCD) by 78.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,678 shares of the fast-food giant’s stock after purchasing an additional 36,417 shares during the period. McDonald’s accounts for 0.9% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 25th biggest position. Bryn Mawr Capital Management LLC’s holdings in McDonald’s were worth $23,968,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MCD. Kennebec Savings Bank bought a new position in shares of McDonald’s in the 3rd quarter worth about $1,394,000. YANKCOM Partnership purchased a new stake in McDonald’s in the fourth quarter worth about $1,628,000. Charles Schwab Investment Management Inc. increased its stake in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $2,471,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MCD shares. TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Barclays lifted their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wedbush increased their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. BMO Capital Markets lifted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 1.0 %

McDonald’s stock opened at $301.71 on Thursday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market cap of $216.21 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.16 and a beta of 0.74. The business has a 50-day simple moving average of $292.32 and a two-hundred day simple moving average of $293.44.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,106 shares of company stock valued at $6,368,814. 0.23% of the stock is owned by company insiders.

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.