McDonald's Co. (MCD) Position Reduced by Sabal Trust CO

Sabal Trust CO lowered its holdings in shares of McDonald's Co. (NYSE:MCD) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,657 shares of the fast-food giant’s stock after selling 471 shares during the period. Sabal Trust CO’s holdings in McDonald's were worth $1,670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its stake in McDonald's by 1.0% in the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after acquiring an additional 4,300 shares during the period. Legacy Capital Partners Inc. grew its stake in McDonald's by 7.0% in the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after acquiring an additional 1,706 shares during the period. Teacher Retirement System of Texas grew its stake in McDonald's by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares during the period. Tredje AP fonden grew its stake in McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares during the period. Finally, Buckingham Asset Management LLC grew its stake in McDonald's by 157.5% in the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 11,604 shares during the period. 67.29% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Piper Jaffray Companies raised their price objective on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Nomura set a $183.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Tuesday, October 17th. Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Tuesday, December 12th. Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and raised their price objective for the company from $154.05 to $183.00 in a research note on Thursday, September 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $180.00 price objective (up previously from $170.00) on shares of McDonald's in a research note on Monday, October 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $175.28.

In related news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Shares of McDonald's Co. (NYSE:MCD) opened at $173.39 on Wednesday. The company has a market capitalization of $140,450.00, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.85 and a beta of 0.67. McDonald's Co. has a fifty-two week low of $118.18 and a fifty-two week high of $175.78. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. McDonald's’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. analysts anticipate that McDonald's Co. will post 6.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $1.01 per share. This is a positive change from McDonald's’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, November 30th. McDonald's’s dividend payout ratio (DPR) is 58.30%.

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About McDonald's

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.

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

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