Folger Nolan Fleming Douglas Capital Management Inc. Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,991 shares of the fast-food giant’s stock after selling 671 shares during the period. McDonald’s comprises about 1.8% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 13th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in McDonald’s were worth $16,305,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT increased its holdings in shares of McDonald’s by 1.0% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,993 shares of the fast-food giant’s stock worth $2,963,000 after purchasing an additional 99 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of McDonald’s by 39.8% in the fourth quarter. Russell Investments Group Ltd. now owns 469,256 shares of the fast-food giant’s stock worth $139,102,000 after purchasing an additional 133,523 shares during the last quarter. Dohj LLC bought a new stake in shares of McDonald’s in the fourth quarter worth about $662,000. Valmark Advisers Inc. increased its stake in McDonald’s by 1.5% during the fourth quarter. Valmark Advisers Inc. now owns 14,668 shares of the fast-food giant’s stock worth $4,349,000 after acquiring an additional 211 shares during the last quarter. Finally, Addison Advisors LLC raised its position in McDonald’s by 8.4% during the fourth quarter. Addison Advisors LLC now owns 1,773 shares of the fast-food giant’s stock valued at $526,000 after purchasing an additional 137 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 0.9 %

NYSE:MCD traded down $2.51 during midday trading on Friday, hitting $273.09. The stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The company has a market capitalization of $196.90 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 3.01 and a beta of 0.71. The stock has a 50-day moving average of $281.68 and a 200 day moving average of $281.53.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the firm earned $2.59 earnings per share. McDonald’s’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MCD shares. Robert W. Baird restated an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a research report on Tuesday, February 6th. Barclays decreased their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Stifel Nicolaus decreased their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Finally, Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research report on Wednesday, March 27th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $318.41.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Profile

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.