McKinley Carter Wealth Services Inc. cut its holdings in shares of McDonald's Co. (NYSE:MCD) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,806 shares of the fast-food giant’s stock after selling 523 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in McDonald's were worth $1,516,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Tarbox Family Office Inc. lifted its holdings 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 during the period. Tredje AP fonden lifted its holdings in McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares during the period. Beaton Management Co. Inc. acquired a new stake in McDonald's in the second quarter valued at $555,000. Buckingham Asset Management LLC lifted its holdings in McDonald's by 157.5% in the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 11,604 shares during the period. Finally, Navellier & Associates Inc lifted its holdings in McDonald's by 47.7% in the second quarter. Navellier & Associates Inc now owns 25,400 shares of the fast-food giant’s stock valued at $3,890,000 after acquiring an additional 8,200 shares during the period. Institutional investors own 68.54% of the company’s stock.
In other news, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was 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 of the company’s stock, valued at approximately $238,414.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas M. Goare sold 34,575 shares of the 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 disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on MCD shares. Citigroup raised their price target on McDonald's from $167.00 to $176.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Barclays dropped their price objective on McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Goldman Sachs set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a research note on Thursday, January 18th. Finally, SunTrust Banks set a $187.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $183.00.
Shares of MCD stock opened at $161.25 on Friday. 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 Co. has a fifty-two week low of $129.52 and a fifty-two week high of $178.70. The stock has a market capitalization of $128,494.15, a price-to-earnings ratio of 24.21, a PEG ratio of 2.44 and a beta of 0.64.
McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.12. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. 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 prior year, the company posted $1.44 EPS. The firm’s revenue was down 11.4% on a year-over-year basis. equities research analysts expect that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $1.01 per share. The ex-dividend date was Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.51%. McDonald's’s payout ratio is 60.66%.
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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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