Dividend Assets Capital LLC trimmed its holdings in McDonald's Co. (NYSE:MCD) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,790 shares of the fast-food giant’s stock after selling 350 shares during the period. Dividend Assets Capital LLC’s holdings in McDonald's were worth $1,685,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of McDonald's in the second quarter valued at approximately $322,000. Tarbox Family Office Inc. lifted its stake 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 valued at $110,000 after buying an additional 328 shares during the period. Horan Capital Management purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $110,000. Horan Capital Advisors LLC. purchased a new position in shares of McDonald's during the third quarter valued at approximately $104,000. Finally, Phocas Financial Corp. purchased a new position in shares of McDonald's during the second quarter valued at approximately $107,000. Institutional investors and hedge funds own 68.54% of the company’s stock.
Several equities research analysts have recently issued reports on MCD shares. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research report on Thursday, January 18th. Stifel Nicolaus set a $172.00 price target on shares of McDonald's and gave the company a “neutral” rating in a report on Wednesday, January 3rd. Piper Jaffray raised their price target on shares of McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. Goldman Sachs set a $200.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $175.00 price objective (down from $191.00) on shares of McDonald's in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $183.00.
Shares of MCD stock traded down $2.70 during trading on Friday, hitting $161.25. 4,321,878 shares of the company were exchanged, compared to its average volume of 4,682,049. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. The stock has a market cap of $128,112.80, a P/E ratio of 24.21, a P/E/G ratio of 2.43 and a beta of 0.64. McDonald's Co. has a twelve month low of $129.52 and a twelve month high of $178.70.
McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion during 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 company’s revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. sell-side analysts predict that McDonald's Co. will post 7.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Wednesday, February 28th. McDonald's’s payout ratio is 60.66%.
In related 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 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 legal filing with the Securities & Exchange Commission, which is available at 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. 0.24% of the stock is currently owned by 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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