Grimes & Company Inc. increased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,086 shares of the fast-food giant’s stock after buying an additional 156 shares during the quarter. Grimes & Company Inc.’s holdings in Mcdonald’s were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Ruggie Capital Group increased its stake in Mcdonald’s by 3,020.0% during the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 151 shares during the last quarter. Gantzert Investment Co. LLC ADV acquired a new stake in Mcdonald’s during the fourth quarter worth about $31,000. Focused Wealth Management Inc increased its stake in Mcdonald’s by 4,500.0% during the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after acquiring an additional 180 shares during the last quarter. Strategic Wealth Partners Ltd. increased its stake in Mcdonald’s by 47.9% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock worth $38,000 after acquiring an additional 67 shares during the last quarter. Finally, New Capital Management LP increased its stake in Mcdonald’s by 33.1% during the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock worth $39,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 66.86% of the company’s stock.
In other Mcdonald’s news, VP Catherine A. Hoovel sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $175.95, for a total transaction of $233,661.60. Following the completion of the sale, the vice president now owns 2,499 shares in the company, valued at approximately $439,699.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert Lane Gibbs sold 22,036 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $180.95, for a total value of $3,987,414.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,775 shares of company stock valued at $23,249,437. 0.22% of the stock is owned by insiders.
Shares of NYSE MCD opened at $183.84 on Friday. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $190.88. The company has a market cap of $140.91 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.53 and a beta of 0.52.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the firm earned $1.71 EPS. Mcdonald’s’s quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts forecast that Mcdonald’s Corp will post 8.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a yield of 2.52%. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
MCD has been the subject of several research analyst reports. Cowen upped their price target on Mcdonald’s from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, November 9th. Zacks Investment Research lowered Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Goldman Sachs Group restated a “buy” rating and set a $200.00 price target on shares of Mcdonald’s in a research note on Thursday, November 15th. Barclays set a $198.00 target price on Mcdonald’s and gave the company a “buy” rating in a research note on Monday, November 19th. Finally, Jefferies Financial Group set a $200.00 target price on Mcdonald’s and gave the company a “buy” rating in a research note on Tuesday, November 20th. Six equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $193.43.
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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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