Hayden Royal LLC Takes Position in Mcdonald’s Corp (MCD)

Hayden Royal LLC purchased a new position in Mcdonald’s Corp (NYSE:MCD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,184 shares of the fast-food giant’s stock, valued at approximately $920,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allen Capital Group LLC bought a new position in Mcdonald’s during the fourth quarter valued at approximately $208,000. Advisor Partners LLC raised its position in Mcdonald’s by 11.5% during the fourth quarter. Advisor Partners LLC now owns 24,566 shares of the fast-food giant’s stock valued at $4,362,000 after acquiring an additional 2,540 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Mcdonald’s during the fourth quarter valued at approximately $219,000. Perennial Advisors LLC raised its position in Mcdonald’s by 1.7% during the fourth quarter. Perennial Advisors LLC now owns 16,503 shares of the fast-food giant’s stock valued at $2,931,000 after acquiring an additional 277 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Mcdonald’s by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 99,980 shares of the fast-food giant’s stock valued at $17,754,000 after acquiring an additional 1,924 shares in the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

MCD has been the topic of several recent research reports. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Monday, November 26th. Jefferies Financial Group raised their price objective on shares of Mcdonald’s from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. Morgan Stanley raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $173.00 to $210.00 in a research report on Thursday, November 29th. Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of Mcdonald’s in a research report on Friday, October 26th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $195.00 price objective on shares of Mcdonald’s in a research report on Tuesday, October 23rd. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $192.35.

In other Mcdonald’s news, EVP David Ogden Fairhurst sold 76,411 shares of Mcdonald’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $178.25, for a total transaction of $13,620,260.75. Following the completion of the transaction, the executive vice president now directly owns 12,110 shares of the company’s stock, valued at $2,158,607.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Catherine A. Hoovel sold 1,328 shares of Mcdonald’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $175.95, for a total value of $233,661.60. Following the transaction, the vice president now directly owns 2,499 shares of the company’s stock, valued at $439,699.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,775 shares of company stock valued at $23,249,437. 0.22% of the stock is owned by company insiders.

Shares of Mcdonald’s stock opened at $179.97 on Monday. The firm has a market capitalization of $138.74 billion, a PE ratio of 22.78, a P/E/G ratio of 2.41 and a beta of 0.52. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $190.88.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.07. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. Mcdonald’s’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.71 earnings per share. Research analysts expect that Mcdonald’s Corp will post 8.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a $1.16 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $4.64 annualized dividend and a yield of 2.58%. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.

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About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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