Moody Lynn & Lieberson LLC lifted its position in shares of McDonald's Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,521 shares of the fast-food giant’s stock after purchasing an additional 565 shares during the period. Moody Lynn & Lieberson LLC’s holdings in McDonald's were worth $6,299,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of McDonald's during the second quarter worth $322,000. Tarbox Family Office Inc. lifted its position in shares of McDonald's by 105.8% during the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after purchasing an additional 328 shares in the last quarter. Horan Capital Management acquired a new position in shares of McDonald's during the fourth quarter worth $110,000. Horan Capital Advisors LLC. acquired a new position in shares of McDonald's during the third quarter worth $104,000. Finally, Phocas Financial Corp. acquired a new position in shares of McDonald's during the second quarter worth $107,000. 68.51% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
A number of research analysts have recently commented on the stock. Credit Suisse Group reissued an “outperform” rating and set a $175.00 target price (down from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. Royal Bank of Canada restated an “outperform” rating and issued a $170.00 price target on shares of McDonald's in a research note on Monday, March 12th. Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. BMO Capital Markets restated a “buy” rating and issued a $190.00 price target on shares of McDonald's in a research note on Monday, March 12th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $182.00 price target on shares of McDonald's in a research note on Monday, March 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. McDonald's has an average rating of “Buy” and a consensus price target of $183.02.
MCD stock opened at $159.38 on Wednesday. McDonald's Co. has a 1-year low of $128.18 and a 1-year high of $178.70. The stock has a market cap of $126,333.11, a price-to-earnings ratio of 23.84, a PEG ratio of 2.40 and a beta of 0.65. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04.
McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. sell-side analysts expect that McDonald's Co. will post 7.59 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is 63.52%.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/03/21/moody-lynn-s-co-mcd.html.
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.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.