McDonald's Co. (MCD) Position Cut by Martin & Co. Inc. TN

Martin & Co. Inc. TN reduced its position in McDonald's Co. (NYSE:MCD) by 10.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,012 shares of the fast-food giant’s stock after selling 2,540 shares during the period. Martin & Co. Inc. TN’s holdings in McDonald's were worth $3,449,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Horan Capital Advisors LLC. bought a new position in McDonald's in the 3rd quarter valued at about $104,000. Phocas Financial Corp. bought a new position in McDonald's in the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC raised its holdings 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 valued at $117,000 after acquiring an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings 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 valued at $130,000 after acquiring an additional 570 shares during the period. Finally, Howe & Rusling Inc. raised its holdings in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 67.43% of the company’s stock.

In other McDonald's news, 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. Insiders sold 207,550 shares of company stock worth $35,118,055 over the last three months. 0.24% of the stock is currently owned by insiders.

McDonald's Co. (NYSE:MCD) opened at $160.78 on Friday. The stock has a market cap of $128,170.00, a P/E ratio of 25.28, a P/E/G ratio of 2.36 and a beta of 0.59. 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 one year low of $126.31 and a one year high of $178.70.

McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. equities analysts anticipate that McDonald's Co. will post 7.65 EPS for the current fiscal year.

The company 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. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.51%. McDonald's’s dividend payout ratio (DPR) is 63.52%.

Several research analysts have weighed in on MCD shares. BMO Capital Markets set a $175.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. set a $175.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Wells Fargo & Co set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Nomura set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $175.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $184.95.

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McDonald's Profile

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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