Tufton Capital Management Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Tufton Capital Management lowered its stake in McDonald’s Co. (NYSE:MCD) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,350 shares of the fast-food giant’s stock after selling 45 shares during the quarter. Tufton Capital Management’s holdings in McDonald’s were worth $400,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MCD. Moneta Group Investment Advisors LLC lifted its stake in McDonald’s by 106,340.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after purchasing an additional 19,217,818 shares in the last quarter. Norges Bank purchased a new stake in shares of McDonald’s during the 4th quarter valued at about $2,341,360,000. International Assets Investment Management LLC raised its position in shares of McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after buying an additional 2,154,297 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after buying an additional 2,021,754 shares in the last quarter. Finally, Imprint Wealth LLC raised its position in shares of McDonald’s by 31,574.5% during the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after buying an additional 1,622,929 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MCD. Truist Financial decreased their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Evercore ISI reiterated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Wedbush reiterated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Morgan Stanley decreased their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, StockNews.com cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

McDonald’s Trading Up 0.2 %

MCD stock traded up $0.43 during trading on Thursday, reaching $270.38. 963,645 shares of the stock were exchanged, compared to its average volume of 3,214,414. The business has a 50 day moving average price of $283.86 and a 200-day moving average price of $280.69. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The firm has a market capitalization of $194.95 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.88 and a beta of 0.71.

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

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

McDonald’s Company 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.