Good Life Advisors LLC increased its position in shares of McDonald's Co. (NYSE:MCD) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,929 shares of the fast-food giant’s stock after purchasing an additional 576 shares during the quarter. Good Life Advisors LLC’s holdings in McDonald's were worth $505,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in McDonald's by 1.6% during the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after purchasing an additional 906,303 shares during the last quarter. BlackRock Inc. raised its holdings in McDonald's by 0.9% during the fourth quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock worth $9,558,713,000 after purchasing an additional 481,739 shares during the last quarter. Capital World Investors raised its holdings in shares of McDonald's by 2.8% in the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after acquiring an additional 606,232 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of McDonald's by 15.0% in the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after acquiring an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of McDonald's by 3.1% in the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after acquiring an additional 360,212 shares during the last quarter. 68.49% of the stock is owned by hedge funds and other institutional investors.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction dated 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 owns 1,398 shares of the company’s stock, valued at $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were 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 currently owned by insiders.
MCD stock opened at $161.81 on Thursday. McDonald's Co. has a 12-month low of $132.34 and a 12-month high of $178.70. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. The stock has a market cap of $128,414.70, a price-to-earnings ratio of 24.30, a PEG ratio of 2.44 and a beta of 0.64.
McDonald's (NYSE:MCD) last posted its quarterly 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. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. research analysts anticipate that McDonald's Co. will post 7.58 earnings per share for the current year.
A number of equities analysts have recently weighed in on MCD shares. Goldman Sachs reissued a “buy” rating and issued 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 stock 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 stock a “buy” rating in a report on Monday, January 29th. Zacks Investment Research cut McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Barclays reissued an “overweight” rating and issued a $205.00 price target (up from $193.00) on shares of McDonald's in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the company’s stock. McDonald's presently has an average rating of “Buy” and a consensus target price of $183.16.
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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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