Green Square Capital LLC Cuts Stake in McDonald's Co. (MCD)

Green Square Capital LLC lessened its holdings in McDonald's Co. (NYSE:MCD) by 36.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,465 shares of the fast-food giant’s stock after selling 1,427 shares during the quarter. Green Square Capital LLC’s holdings in McDonald's were worth $386,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Horan Capital Advisors LLC. acquired a new position in McDonald's during the third quarter worth $104,000. Phocas Financial Corp. acquired a new position in McDonald's during the second quarter worth $107,000. Proficio Capital Partners LLC increased its holdings in McDonald's by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in McDonald's by 219.2% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after buying an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in McDonald's by 75.0% during the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares during the last quarter. 67.43% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Insiders have sold 207,550 shares of company stock valued at $35,118,055 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Shares of McDonald's Co. (NYSE:MCD) opened at $159.99 on Thursday. McDonald's Co. has a 52-week low of $125.45 and a 52-week high of $178.70. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The firm has a market cap of $127,540.00, a PE ratio of 25.16, a P/E/G ratio of 2.38 and a beta of 0.59.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the business posted $1.44 earnings per share. McDonald's’s revenue was down 11.4% compared to the same quarter last year. analysts expect that McDonald's Co. will post 7.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.53%. McDonald's’s dividend payout ratio is 63.52%.

MCD has been the topic of several research reports. Citigroup upped their price objective on shares of McDonald's from $167.00 to $176.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Deutsche Bank upped their price objective on shares of McDonald's to $190.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Barclays decreased their price objective on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. JPMorgan Chase & Co. set a $184.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $195.00 price objective (up from $180.00) on shares of McDonald's in a report on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $184.95.

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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.

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

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