Horan Capital Management bought a new stake in McDonald's Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 639 shares of the fast-food giant’s stock, valued at approximately $110,000.
Other hedge funds have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of McDonald's in the second quarter valued at approximately $322,000. Tarbox Family Office Inc. lifted its stake in McDonald's by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after purchasing an additional 328 shares during the last quarter. Horan Capital Advisors LLC. purchased a new position in McDonald's in the third quarter valued at approximately $104,000. Phocas Financial Corp. purchased a new position in McDonald's in the second quarter valued at approximately $107,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares during the last quarter. 68.54% of the stock is owned by institutional investors.
MCD has been the topic of several research analyst reports. Goldman Sachs reiterated a “buy” rating and issued a $186.00 price objective on shares of McDonald's in a research note on Friday, March 23rd. Royal Bank of Canada set a $190.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Thursday, December 21st. Bank of America set a $200.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group reiterated an “outperform” rating and issued a $185.00 price objective (up previously from $178.00) on shares of McDonald's in a research note on Tuesday, December 19th. Finally, JPMorgan Chase set a $186.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $183.00.
Shares of McDonald's stock traded down $2.70 during trading on Friday, hitting $161.25. The stock had a trading volume of 4,321,878 shares, compared to its average volume of 4,682,049. The stock has a market cap of $130,257.93, a P/E ratio of 24.21, a PEG ratio of 2.48 and a beta of 0.64. McDonald's Co. has a 12 month low of $129.52 and a 12 month high of $178.70. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84.
McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.12. The firm 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 201.76%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. sell-side analysts predict that McDonald's Co. will post 7.58 earnings per share 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 $1.01 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. McDonald's’s payout ratio is currently 60.66%.
In related news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction 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 SEC, which is accessible through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
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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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