Northwestern Mutual Wealth Management Co. Sells 83,363 Shares of McDonald’s Corporation $MCD

Northwestern Mutual Wealth Management Co. cut its position in McDonald’s Corporation (NYSE:MCDFree Report) by 72.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,314 shares of the fast-food giant’s stock after selling 83,363 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in McDonald’s were worth $9,876,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in McDonald’s by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 72,351,127 shares of the fast-food giant’s stock worth $22,112,675,000 after purchasing an additional 703,458 shares in the last quarter. State Street Corp raised its holdings in McDonald’s by 0.6% in the third quarter. State Street Corp now owns 35,024,857 shares of the fast-food giant’s stock worth $10,643,704,000 after purchasing an additional 196,505 shares in the last quarter. Legal & General Group Plc raised its holdings in McDonald’s by 6.4% in the third quarter. Legal & General Group Plc now owns 4,757,967 shares of the fast-food giant’s stock worth $1,445,899,000 after purchasing an additional 286,284 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in McDonald’s by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 4,422,014 shares of the fast-food giant’s stock worth $1,343,501,000 after purchasing an additional 21,168 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of McDonald’s by 36.6% during the third quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock worth $1,336,155,000 after acquiring an additional 1,179,244 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 6,201 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the sale, the executive vice president owned 2,291 shares in the company, valued at $763,567.39. This represents a 73.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 333 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total value of $100,805.76. Following the completion of the sale, the insider owned 8,067 shares in the company, valued at approximately $2,442,042.24. This represents a 3.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,119 shares of company stock worth $3,945,973. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MCD. Royal Bank Of Canada dropped their price target on McDonald’s from $330.00 to $305.00 and set a “sector perform” rating on the stock in a research note on Friday, May 8th. Robert W. Baird set a $305.00 price target on McDonald’s in a research note on Thursday, May 7th. Evercore set a $350.00 price target on McDonald’s in a research note on Friday, May 8th. Barclays dropped their price target on McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $340.00 price target on shares of McDonald’s in a research note on Thursday, February 12th. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $334.45.

View Our Latest Analysis on MCD

Trending Headlines about McDonald’s

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McDonald’s Stock Performance

Shares of MCD stock opened at $284.03 on Friday. The stock’s 50-day simple moving average is $300.56 and its 200-day simple moving average is $309.44. The firm has a market capitalization of $201.81 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.79 and a beta of 0.43. McDonald’s Corporation has a fifty-two week low of $271.98 and a fifty-two week high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.McDonald’s’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 earnings per share. As a group, equities analysts forecast that McDonald’s Corporation will post 12.94 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a $1.86 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a yield of 2.6%. McDonald’s’s dividend payout ratio is currently 61.34%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

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

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