180 Wealth Advisors LLC acquired a new position in McDonald's Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,990 shares of the fast-food giant’s stock, valued at approximately $1,547,000.
A number of other institutional investors have also recently added to or reduced their stakes in MCD. Vanguard Group Inc. grew its holdings in 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 valued at $8,776,174,000 after buying an additional 906,303 shares in the last quarter. BlackRock Inc. grew its holdings in shares of McDonald's by 0.9% in the fourth quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock valued at $9,558,713,000 after purchasing an additional 481,739 shares in the last quarter. Capital World Investors grew 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 valued at $3,413,646,000 after purchasing an additional 606,232 shares in the last quarter. Capital Research Global Investors grew 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 valued at $1,846,905,000 after purchasing an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp grew 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 valued at $1,812,747,000 after purchasing an additional 360,212 shares in the last quarter. 68.50% of the stock is owned by institutional investors.
Shares of McDonald's stock opened at $158.99 on Tuesday. The firm has a market cap of $126,142.44, a PE ratio of 23.87, a PEG ratio of 2.40 and a beta of 0.64. 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 Co. has a 12 month low of $133.26 and a 12 month high of $178.70.
McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the company posted $1.44 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. sell-side analysts predict that McDonald's Co. will post 7.57 earnings per share for the current year.
A number of research firms recently weighed in on MCD. JPMorgan Chase reissued a “buy” rating and issued a $182.00 target price on shares of McDonald's in a report on Monday, March 12th. Piper Jaffray set a $185.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Barclays lowered their price target on McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Credit Suisse Group restated an “outperform” rating and issued a $191.00 price target (up from $185.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus lowered their price target on McDonald's from $172.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 18th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $183.16.
In related news, 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 completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction that occurred 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 currently owned by insiders.
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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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