Nwam LLC Sells 322 Shares of McDonald’s Co. (NYSE:MCD)

Nwam LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,320 shares of the fast-food giant’s stock after selling 322 shares during the period. Nwam LLC’s holdings in McDonald’s were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s in the 1st quarter worth $28,000. Signature Resources Capital Management LLC purchased a new position in McDonald’s in the fourth quarter worth about $31,000. Clear Investment Research LLC bought a new stake in McDonald’s during the fourth quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in McDonald’s during the fourth quarter valued at approximately $39,000. Finally, Keener Financial Planning LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $39,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

NYSE MCD traded down $2.24 on Friday, reaching $257.28. 3,470,585 shares of the company’s stock traded hands, compared to its average volume of 4,028,351. The stock has a 50 day moving average price of $257.27 and a 200-day moving average price of $275.13. The firm has a market cap of $185.42 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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). The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.63 EPS. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.14 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Citigroup reduced their target price on shares of McDonald’s from $297.00 to $280.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note on Friday. Evercore ISI reduced their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird decreased their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $309.82.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of 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. Insiders sold a total of 5,593 shares of company stock worth $1,472,518 in the last three months. Company insiders own 0.23% of the company’s stock.

About McDonald’s

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.