Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of McDonald's Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,812 shares of the fast-food giant’s stock, valued at approximately $484,000.
A number of other institutional investors also recently bought and sold shares of MCD. Tarbox Family Office Inc. increased its stake in shares of McDonald's by 105.8% in the 4th 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. Beaton Management Co. Inc. bought a new position in shares of McDonald's in the 2nd quarter valued at $555,000. Navellier & Associates Inc increased its stake in shares of McDonald's by 47.7% in the 2nd quarter. Navellier & Associates Inc now owns 25,400 shares of the fast-food giant’s stock valued at $3,890,000 after purchasing an additional 8,200 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of McDonald's by 0.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 808,477 shares of the fast-food giant’s stock valued at $126,673,000 after purchasing an additional 3,876 shares during the last quarter. Finally, Front Row Advisors LLC bought a new position in shares of McDonald's in the 4th quarter valued at $651,000. Hedge funds and other institutional investors own 68.54% of the company’s stock.
Several equities analysts have recently issued reports on the company. Vetr lowered McDonald's from a “buy” rating to a “hold” rating and set a $165.99 price target on the stock. in a research note on Tuesday, April 3rd. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $170.00 price target on shares of McDonald's in a research note on Monday, March 12th. Goldman Sachs reiterated a “buy” rating and issued a $186.00 price target on shares of McDonald's in a research note on Friday, March 23rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $190.00 price target on shares of McDonald's in a research note on Monday, March 12th. One equities 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 stock. The company has a consensus rating of “Buy” and an average target price of $183.00.
Shares of MCD opened at $161.25 on Monday. The stock has a market cap of $128,112.80, a price-to-earnings ratio of 24.21, a P/E/G ratio of 2.43 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 announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. equities research analysts forecast that McDonald's Co. will post 7.58 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, February 28th. McDonald's’s payout ratio is presently 60.66%.
In other news, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction dated 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 $238,414.92. 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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