1,803 Shares in McDonald's Co. (NYSE:MCD) Purchased by Family Management Corp

Family Management Corp purchased a new stake in McDonald's Co. (NYSE:MCD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,803 shares of the fast-food giant’s stock, valued at approximately $282,000.

Other large investors also recently added to or reduced their stakes in the company. Horan Capital Advisors LLC. purchased a new stake in McDonald's in the 3rd quarter worth about $104,000. Phocas Financial Corp. purchased a new stake in McDonald's in the 2nd quarter worth about $107,000. Proficio Capital Partners LLC lifted its stake in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after acquiring an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 67.43% of the company’s stock.

Several brokerages recently issued reports on MCD. JPMorgan Chase & Co. set a $184.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research downgraded McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Nomura reissued a “buy” rating and issued a $198.00 price objective (up from $190.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Credit Suisse Group set a $191.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $190.00 price target on shares of McDonald's in a research note on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. McDonald's currently has an average rating of “Buy” and a consensus target price of $184.95.

Shares of McDonald's Co. (NYSE MCD) traded down $1.62 during mid-day trading on Tuesday, hitting $162.28. The company had a trading volume of 1,502,810 shares, compared to its average volume of 4,216,295. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald's Co. has a 1-year low of $125.27 and a 1-year high of $178.70. The company has a market cap of $129,450.00, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period last year, the business earned $1.44 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. sell-side analysts predict that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Insiders sold a total of 207,550 shares of company stock worth $35,118,055 over the last three months. 0.24% of the stock is owned by company insiders.

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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.

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

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