Shell Asset Management Co. lowered its position in McDonald's Co. (NYSE:MCD) by 46.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 262,390 shares of the fast-food giant’s stock after selling 225,949 shares during the period. McDonald's makes up 0.9% of Shell Asset Management Co.’s investment portfolio, making the stock its 13th largest holding. Shell Asset Management Co.’s holdings in McDonald's were worth $45,163,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of McDonald's by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after buying an additional 906,303 shares during the period. BlackRock Inc. lifted its position in shares of McDonald's by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after buying an additional 1,586,761 shares during the period. Capital World Investors lifted its position in shares of McDonald's by 2.8% during the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after buying an additional 606,232 shares during the period. Capital Research Global Investors lifted its position in shares of McDonald's by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after buying an additional 1,572,074 shares during the period. Finally, Northern Trust Corp lifted its position in shares of McDonald's by 3.1% during the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after buying an additional 360,212 shares during the period. Institutional investors own 68.54% of the company’s stock.
Shares of McDonald's stock opened at $161.25 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. McDonald's Co. has a 12 month low of $129.52 and a 12 month high of $178.70. The firm has a market cap of $130,257.93, a P/E ratio of 24.21, a P/E/G ratio of 2.48 and a beta of 0.64.
McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. equities research analysts anticipate that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.51%. McDonald's’s dividend payout ratio (DPR) is presently 60.66%.
In related news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's 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 disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
MCD has been the subject of a number of recent analyst reports. Goldman Sachs reaffirmed a “buy” rating and set a $186.00 price target on shares of McDonald's in a report on Friday, March 23rd. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the company a “buy” rating in a report on Thursday, December 21st. Bank of America set a $200.00 price target on McDonald's and gave the company a “buy” rating in a report on Monday, January 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $185.00 price target (up from $178.00) on shares of McDonald's in a report on Tuesday, December 19th. Finally, JPMorgan Chase set a $186.00 price target on McDonald's and gave the company a “buy” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $183.00.
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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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