Northwestern Mutual Wealth Management Co. Reduces Holdings in McDonald’s Corporation (MCD)

Northwestern Mutual Wealth Management Co. lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,439 shares of the fast-food giant’s stock after selling 297 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in McDonald’s were worth $17,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Asset Management Inc raised its position in shares of McDonald’s by 16.6% during the 1st quarter. World Asset Management Inc now owns 96,091 shares of the fast-food giant’s stock valued at $12,454,000 after buying an additional 13,648 shares in the last quarter. Bangor Savings Bank raised its position in shares of McDonald’s by 1.0% during the 1st quarter. Bangor Savings Bank now owns 7,616 shares of the fast-food giant’s stock valued at $987,000 after buying an additional 74 shares in the last quarter. Trust Co. of Virginia VA raised its position in shares of McDonald’s by 1.7% during the 1st quarter. Trust Co. of Virginia VA now owns 19,754 shares of the fast-food giant’s stock valued at $2,560,000 after buying an additional 326 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of McDonald’s by 9.9% during the 1st quarter. Meadow Creek Investment Management LLC now owns 22,960 shares of the fast-food giant’s stock valued at $2,976,000 after buying an additional 2,064 shares in the last quarter. Finally, Affinity Investment Advisors LLC raised its position in shares of McDonald’s by 2.3% during the 1st quarter. Affinity Investment Advisors LLC now owns 62,547 shares of the fast-food giant’s stock valued at $8,107,000 after buying an additional 1,417 shares in the last quarter. 67.40% of the stock is owned by institutional investors and hedge funds.

McDonald’s Corporation (MCD) traded up $0.49 during midday trading on Thursday, hitting $173.48. 2,619,200 shares of the stock were exchanged, compared to its average volume of 3,471,408. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a 1 year low of $118.18 and a 1 year high of $174.44. The company has a market capitalization of $137,905.14, a P/E ratio of 27.03, a PEG ratio of 2.83 and a beta of 0.67.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same period last year, the firm earned $1.62 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. equities research analysts expect that McDonald’s Corporation will post 6.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is currently 58.30%.

In other news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on the stock. Jefferies Group upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $200.00 in a research report on Tuesday. ValuEngine cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group set a $173.00 target price on shares of McDonald’s and gave the company a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Deutsche Bank set a $185.00 price objective on shares of McDonald’s and gave the stock a “buy” rating in a research report on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. McDonald’s has an average rating of “Buy” and an average price target of $173.95.

COPYRIGHT VIOLATION WARNING: “Northwestern Mutual Wealth Management Co. Reduces Holdings in McDonald’s Corporation (MCD)” was originally reported by Stock Observer and is the property of of Stock Observer. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.thestockobserver.com/2017/12/07/northwestern-mutual-wealth-management-co-reduces-holdings-in-mcdonalds-corporation-mcd.html.

McDonald’s 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)

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply