FDx Advisors Inc. Has $1.21 Million Holdings in McDonald's Co. (MCD)

FDx Advisors Inc. cut its position in shares of McDonald's Co. (NYSE:MCD) by 64.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,031 shares of the fast-food giant’s stock after selling 13,019 shares during the period. FDx Advisors Inc.’s holdings in McDonald's were worth $1,210,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Highland Private Wealth Management increased its position in shares of McDonald's by 0.3% during the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of McDonald's by 0.9% during the second quarter. Sunbelt Securities Inc. now owns 4,295 shares of the fast-food giant’s stock valued at $658,000 after acquiring an additional 37 shares during the last quarter. Southeast Asset Advisors Inc. increased its position in shares of McDonald's by 1.6% during the second quarter. Southeast Asset Advisors Inc. now owns 2,480 shares of the fast-food giant’s stock valued at $380,000 after acquiring an additional 39 shares during the last quarter. Baker Avenue Asset Management LP increased its position in shares of McDonald's by 2.8% during the second quarter. Baker Avenue Asset Management LP now owns 1,703 shares of the fast-food giant’s stock valued at $261,000 after acquiring an additional 47 shares during the last quarter. Finally, South Texas Money Management Ltd. increased its position in shares of McDonald's by 1.2% during the second quarter. South Texas Money Management Ltd. now owns 4,211 shares of the fast-food giant’s stock valued at $645,000 after acquiring an additional 51 shares during the last quarter. 68.54% of the stock is currently owned by institutional investors.

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A number of research analysts recently weighed in on the stock. Vetr upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $177.90 price objective for the company in a report on Tuesday. Zacks Investment Research cut shares of McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Piper Jaffray set a $185.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $170.00 price objective on shares of McDonald's in a report on Monday, March 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $190.00 price objective on shares of McDonald's in a report on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $183.40.

Shares of NYSE:MCD opened at $161.62 on Friday. The company has a market cap of $129,320.43, a PE ratio of 24.27, a P/E/G ratio of 2.46 and a beta of 0.64. 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 twelve month low of $130.57 and a twelve month high of $178.70.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping 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 company’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.50%. McDonald's’s dividend 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 that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $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 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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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