Rational Advisors LLC reduced its stake in Mcdonald’s Corp (NYSE:MCD) by 68.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,915 shares of the fast-food giant’s stock after selling 6,436 shares during the quarter. Rational Advisors LLC’s holdings in Mcdonald’s were worth $576,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Garrett Wealth Advisory Group LLC purchased a new position in Mcdonald’s in the 3rd quarter worth $30,000. Prime Capital Investment Advisors LLC purchased a new stake in Mcdonald’s during the 3rd quarter valued at about $30,000. Litman Gregory Asset Management LLC grew its stake in Mcdonald’s by 102.7% during the 4th quarter. Litman Gregory Asset Management LLC now owns 148 shares of the fast-food giant’s stock valued at $29,000 after purchasing an additional 75 shares during the last quarter. Quantum Capital Management acquired a new position in shares of Mcdonald’s in the third quarter valued at about $35,000. Finally, Vista Private Wealth Partners. LLC acquired a new position in shares of Mcdonald’s in the third quarter valued at about $40,000. 67.12% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on MCD. Guggenheim lifted their target price on Mcdonald’s from $237.00 to $239.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of Mcdonald’s from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. UBS Group cut their price objective on shares of Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. MKM Partners raised their target price on shares of Mcdonald’s to and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Mcdonald’s has a consensus rating of “Buy” and a consensus price target of $226.82.
Shares of MCD stock traded down $0.33 during mid-day trading on Friday, hitting $217.09. 142,928 shares of the stock were exchanged, compared to its average volume of 3,444,645. The firm has a fifty day moving average of $208.09 and a 200 day moving average of $206.46. Mcdonald’s Corp has a 52-week low of $173.41 and a 52-week high of $221.93. The company has a market cap of $163.77 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.82 and a beta of 0.43.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.01. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.30 billion. Mcdonald’s had a negative return on equity of 79.57% and a net margin of 28.59%. Mcdonald’s’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. On average, equities research analysts anticipate that Mcdonald’s Corp will post 8.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, February 28th. Mcdonald’s’s payout ratio is currently 63.78%.
In other news, EVP Daniel Henry sold 3,035 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $215.54, for a total transaction of $654,163.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Francesca A. Debiase sold 14,026 shares of Mcdonald’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $213.71, for a total transaction of $2,997,496.46. Following the completion of the sale, the executive vice president now directly owns 19,067 shares in the company, valued at approximately $4,074,808.57. The disclosure for this sale can be found here. Insiders sold 19,616 shares of company stock valued at $4,198,430 over the last 90 days. Company insiders own 0.25% of the company’s stock.
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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