Thor Advisors LLC purchased a new position in Mcdonald’s Corp (NYSE:MCD) in the first quarter, Holdings Channel reports. The fund purchased 345 shares of the fast-food giant’s stock, valued at approximately $66,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ruggie Capital Group raised its holdings in shares of Mcdonald’s by 3,020.0% in the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 151 shares during the last quarter. Gantzert Investment Co. LLC ADV purchased a new stake in shares of Mcdonald’s in the fourth quarter valued at $31,000. Aspire Private Capital LLC purchased a new stake in shares of Mcdonald’s in the fourth quarter valued at $32,000. Focused Wealth Management Inc grew its position in shares of Mcdonald’s by 4,500.0% in the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock valued at $33,000 after purchasing an additional 180 shares during the period. Finally, Canton Hathaway LLC purchased a new stake in shares of Mcdonald’s in the first quarter valued at $35,000. 67.76% of the stock is owned by institutional investors.
In other news, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin M. Ozan sold 40,930 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total value of $8,018,187.00. Following the completion of the sale, the chief financial officer now directly owns 42,647 shares of the company’s stock, valued at approximately $8,354,547.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,449 shares of company stock valued at $20,458,931. 0.25% of the stock is owned by company insiders.
MCD stock traded up $0.80 during trading on Friday, reaching $205.29. 2,715,837 shares of the stock traded hands, compared to its average volume of 3,011,657. Mcdonald’s Corp has a 52-week low of $153.13 and a 52-week high of $206.39. The company has a market cap of $156.75 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.87 and a beta of 0.50.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.01). Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the firm posted $1.79 EPS. Mcdonald’s’s revenue was down 3.6% on a year-over-year basis. Equities analysts predict that Mcdonald’s Corp will post 8.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, May 31st. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
A number of equities research analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on Mcdonald’s from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Friday. They noted that the move was a valuation call. Evercore ISI assumed coverage on Mcdonald’s in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $225.00 price objective for the company. UBS Group lifted their price objective on Mcdonald’s from $185.00 to $203.00 and gave the company a “neutral” rating in a research report on Tuesday, June 11th. Bank of America lifted their price objective on Mcdonald’s from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Mizuho lifted their price objective on Mcdonald’s from $204.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $205.36.
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Mcdonald’s Company Profile
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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