Boltwood Capital Management Reduces Stake in McDonald’s Co. (NYSE:MCD)

Boltwood Capital Management lowered its stake in McDonald’s Co. (NYSE:MCDFree Report) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,621 shares of the fast-food giant’s stock after selling 130 shares during the period. Boltwood Capital Management’s holdings in McDonald’s were worth $457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in McDonald’s in the fourth quarter worth about $31,000. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s during the third quarter valued at approximately $33,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $38,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $39,000. Finally, Keener Financial Planning LLC purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $2.72 during mid-day trading on Wednesday, hitting $250.79. The stock had a trading volume of 2,956,314 shares, compared to its average volume of 3,367,109. The company has a 50 day moving average of $265.25 and a two-hundred day moving average of $280.88. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a market cap of $180.74 billion, a PE ratio of 21.29, a PEG ratio of 2.85 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the company earned $2.63 earnings per share. McDonald’s’s revenue was up 4.6% on a year-over-year basis. Equities research analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling at McDonald’s

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 value 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 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 on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was 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 in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,096 shares of company stock valued at $1,127,678. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent analyst reports. KeyCorp dropped their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Guggenheim lowered their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Robert W. Baird lowered their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. boosted their price target on McDonald’s from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $315.14.

Check Out Our Latest Stock Analysis on MCD

McDonald’s Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCDFree Report).

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

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