Savant Capital LLC increased its position in McDonald's Co. (NYSE:MCD) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,771 shares of the fast-food giant’s stock after buying an additional 1,263 shares during the period. Savant Capital LLC’s holdings in McDonald's were worth $3,059,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. DT Investment Partners LLC purchased a new stake in McDonald's in the fourth quarter valued at approximately $204,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in McDonald's in the fourth quarter valued at approximately $226,000. Ledyard National Bank grew its holdings in McDonald's by 8.4% in the fourth quarter. Ledyard National Bank now owns 6,973 shares of the fast-food giant’s stock valued at $1,200,000 after purchasing an additional 538 shares during the period. Braun Stacey Associates Inc. grew its holdings in McDonald's by 5.6% in the fourth quarter. Braun Stacey Associates Inc. now owns 16,537 shares of the fast-food giant’s stock valued at $2,846,000 after purchasing an additional 875 shares during the period. Finally, LMR Partners LLP grew its holdings in McDonald's by 134.1% in the fourth quarter. LMR Partners LLP now owns 32,427 shares of the fast-food giant’s stock valued at $5,581,000 after purchasing an additional 18,576 shares during the period. 68.54% of the stock is owned by institutional investors and hedge funds.
MCD has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of McDonald's from $167.00 to $176.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Barclays lowered their target price on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Goldman Sachs set a $180.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price for the company in a report on Thursday, January 18th. Finally, SunTrust Banks set a $187.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $183.00.
Shares of MCD stock traded down $2.70 on Friday, hitting $161.25. The stock had a trading volume of 4,321,211 shares, compared to its average volume of 4,882,054. The company has a market capitalization of $128,494.15, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. 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 52-week low of $129.52 and a 52-week high of $178.70.
McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. equities research analysts predict that McDonald's Co. will post 7.58 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors 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 yield of 2.51%. McDonald's’s dividend payout ratio is presently 60.66%.
In related news, VP Catherine A. Hoovel sold 1,398 shares of the company’s 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 sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the company’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. Corporate 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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