KCM Investment Advisors LLC boosted its stake in Mcdonald’s Corp (NYSE:MCD) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,620 shares of the fast-food giant’s stock after purchasing an additional 3,279 shares during the period. KCM Investment Advisors LLC’s holdings in Mcdonald’s were worth $17,907,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MCD. First Republic Investment Management Inc. raised its position in shares of Mcdonald’s by 27.7% in the 4th quarter. First Republic Investment Management Inc. now owns 299,713 shares of the fast-food giant’s stock worth $59,226,000 after acquiring an additional 64,956 shares in the last quarter. Dearborn Partners LLC boosted its holdings in Mcdonald’s by 5.3% during the 4th quarter. Dearborn Partners LLC now owns 249,299 shares of the fast-food giant’s stock worth $49,264,000 after acquiring an additional 12,566 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Mcdonald’s by 10.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 8,500 shares of the fast-food giant’s stock worth $1,825,000 after acquiring an additional 801 shares in the last quarter. Stillwater Investment Management LLC raised its holdings in shares of Mcdonald’s by 0.6% in the fourth quarter. Stillwater Investment Management LLC now owns 18,280 shares of the fast-food giant’s stock valued at $3,612,000 after purchasing an additional 114 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Mcdonald’s by 8.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 138,138 shares of the fast-food giant’s stock valued at $27,297,000 after purchasing an additional 10,793 shares during the last quarter. 67.30% of the stock is owned by institutional investors and hedge funds.
Shares of MCD traded up $6.58 during trading hours on Thursday, hitting $169.56. The company’s stock had a trading volume of 166,350 shares, compared to its average volume of 8,355,266. The company has a market cap of $120.73 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.36 and a beta of 0.48. The business has a 50 day simple moving average of $194.62 and a two-hundred day simple moving average of $201.04. Mcdonald’s Corp has a 52-week low of $124.23 and a 52-week high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.01. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. Mcdonald’s’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 EPS. As a group, sell-side analysts anticipate that Mcdonald’s Corp will post 8.27 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.95%. Mcdonald’s’s dividend payout ratio is currently 63.78%.
Several research firms recently weighed in on MCD. SunTrust Banks restated a “buy” rating on shares of Mcdonald’s in a report on Friday, January 31st. BMO Capital Markets increased their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. KeyCorp boosted their target price on Mcdonald’s from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Stephens raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $210.00 to $165.00 in a report on Wednesday. Finally, Morgan Stanley reduced their target price on Mcdonald’s from $230.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $221.21.
In other news, VP Catherine A. Hoovel sold 2,555 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $214.00, for a total value of $546,770.00. Following the completion of the transaction, the vice president now directly owns 1,347 shares in the company, valued at $288,258. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel Henry sold 3,035 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $215.54, for a total transaction of $654,163.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,616 shares of company stock worth $4,198,430. Company insiders own 0.25% of the company’s stock.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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