Epoch Investment Partners Inc. Sells 367,663 Shares of McDonald's Co. (MCD)

Epoch Investment Partners Inc. cut its holdings in shares of McDonald's Co. (NYSE:MCD) by 25.0% in the third quarter, Holdings Channel reports. The institutional investor owned 1,104,116 shares of the fast-food giant’s stock after selling 367,663 shares during the quarter. Epoch Investment Partners Inc.’s holdings in McDonald's were worth $172,993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Private Advisor Group LLC increased its holdings in shares of McDonald's by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 73,876 shares of the fast-food giant’s stock valued at $11,817,000 after purchasing an additional 1,295 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of McDonald's by 1.7% during the 3rd quarter. Financial Counselors Inc. now owns 91,505 shares of the fast-food giant’s stock valued at $14,337,000 after purchasing an additional 1,494 shares in the last quarter. National Planning Corp increased its holdings in shares of McDonald's by 3.8% during the 3rd quarter. National Planning Corp now owns 27,132 shares of the fast-food giant’s stock valued at $4,256,000 after purchasing an additional 982 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of McDonald's by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 1,133,015 shares of the fast-food giant’s stock valued at $177,675,000 after purchasing an additional 17,383 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA increased its holdings in shares of McDonald's by 58.3% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 5,504 shares of the fast-food giant’s stock valued at $863,000 after purchasing an additional 2,027 shares in the last quarter. 67.53% of the stock is owned by institutional investors.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction 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 sale, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,550 shares of company stock worth $35,118,055. 0.24% of the stock is currently owned by corporate insiders.

Shares of McDonald's Co. (MCD) opened at $158.97 on Friday. McDonald's Co. has a one year low of $124.36 and a one year high of $178.70. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The stock has a market cap of $132,101.63, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.59.

McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. sell-side analysts forecast that McDonald's Co. will post 7.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $1.01 per share. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.54%. McDonald's’s dividend payout ratio (DPR) is presently 63.52%.

Several equities analysts have recently weighed in on MCD shares. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank set a $185.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $194.00 target price for the company in a report on Tuesday, January 2nd. Finally, Credit Suisse Group lifted their target price on shares of McDonald's from $170.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $184.95.

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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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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