Bryn Mawr Capital Management LLC Has $12.53 Million Stake in McDonald’s Co. (NYSE:MCD)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,259 shares of the fast-food giant’s stock after selling 1,180 shares during the period. McDonald’s comprises about 0.8% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Bryn Mawr Capital Management LLC’s holdings in McDonald’s were worth $12,530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in McDonald’s by 0.4% during the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after purchasing an additional 262,147 shares during the period. Northern Trust Corp boosted its position in shares of McDonald’s by 1.7% during the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after purchasing an additional 151,161 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in McDonald’s by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after acquiring an additional 237,532 shares in the last quarter. Ameriprise Financial Inc. increased its stake in McDonald’s by 4.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock valued at $1,209,171,000 after buying an additional 199,657 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in McDonald’s by 0.7% in the 4th quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock valued at $1,159,877,000 after buying an additional 26,147 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

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

McDonald’s Trading Down 0.9 %

Shares of McDonald’s stock opened at $273.12 on Friday. The company has a 50 day moving average of $281.68 and a 200-day moving average of $281.53. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a market cap of $196.92 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm posted $2.59 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. TD Cowen restated a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, April 10th. Stifel Nicolaus lowered their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Citigroup lowered their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $318.41.

About McDonald’s

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.