QUANTRES ASSET MANAGEMENT Ltd lifted its holdings in shares of McDonald's Co. (NYSE:MCD) by 165.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,700 shares of the fast-food giant’s stock after acquiring an additional 4,800 shares during the period. QUANTRES ASSET MANAGEMENT Ltd’s holdings in McDonald's were worth $1,325,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of MCD. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald's during the 3rd quarter worth about $104,000. Phocas Financial Corp. acquired a new stake in shares of McDonald's during the 2nd quarter worth about $107,000. Proficio Capital Partners LLC raised its position in shares of McDonald's by 0.7% during 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. grew its stake in McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after buying an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. grew its stake in McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares during the last quarter. 67.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of McDonald's Co. (NYSE MCD) opened at $157.79 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market capitalization of $125,790.00, a P/E ratio of 24.81, a PEG ratio of 2.29 and a beta of 0.59. McDonald's Co. has a 1-year low of $126.40 and a 1-year high of $178.70.
McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. sell-side analysts anticipate that McDonald's Co. will post 7.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.56%. McDonald's’s dividend payout ratio is currently 63.52%.
A number of research analysts recently issued reports on MCD shares. BMO Capital Markets set a $175.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. JPMorgan Chase & Co. set a $175.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Wells Fargo & Co set a $185.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Nomura set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird set a $175.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $184.95.
In other news, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. Insiders sold a total of 207,550 shares of company stock valued at $35,118,055 over the last three months. Insiders own 0.24% of the company’s stock.
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McDonald's Company 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.
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