TCV Trust & Wealth Management Inc. Has $4.26 Million Stock Position in McDonald’s Co. (NYSE:MCD)

TCV Trust & Wealth Management Inc. lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,685 shares of the fast-food giant’s stock after selling 250 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in McDonald’s were worth $4,257,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the 4th quarter valued at $27,000. Collier Financial purchased a new position in McDonald’s in the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $31,000. Finally, Hara Capital LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $310.16 on Wednesday. The company’s 50 day simple moving average is $291.02 and its 200-day simple moving average is $291.56. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market capitalization of $222.27 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. As a group, analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. Wells Fargo & Company increased their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays lifted their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America boosted their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.