Noesis Capital Mangement Corp Sells 151 Shares of McDonald’s Co. (NYSE:MCD)

Noesis Capital Mangement Corp lowered its holdings in McDonald’s Co. (NYSE:MCD) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 881 shares of the fast-food giant’s stock after selling 151 shares during the quarter. Noesis Capital Mangement Corp’s holdings in McDonald’s were worth $261,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Roffman Miller Associates Inc. PA lifted its position in shares of McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after buying an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC boosted its stake in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its holdings in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD traded down $2.96 on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. The company’s fifty day moving average is $279.53 and its 200-day moving average is $282.35. The firm has a market capitalization of $194.90 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the company earned $2.63 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts forecast that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 56.71%.

Insider Activity at McDonald’s

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

Analyst Ratings Changes

Several brokerages have weighed in on MCD. Morgan Stanley decreased their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a report on Tuesday. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. decreased their target price on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Bank of America lifted their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Nine equities research 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $317.74.

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.