Spearhead Capital Advisors LLC Acquires 1,442 Shares of Mcdonald’s Corp (NYSE:MCD)

Spearhead Capital Advisors LLC raised its holdings in Mcdonald’s Corp (NYSE:MCD) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,327 shares of the fast-food giant’s stock after purchasing an additional 1,442 shares during the period. Spearhead Capital Advisors LLC’s holdings in Mcdonald’s were worth $4,610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. WCM Investment Management LLC acquired a new position in shares of Mcdonald’s in the 3rd quarter valued at approximately $164,557,000. BlackRock Inc. raised its position in shares of Mcdonald’s by 1.1% in the 2nd quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock valued at $10,550,339,000 after buying an additional 545,903 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Mcdonald’s by 10.0% in the 3rd quarter. California Public Employees Retirement System now owns 4,374,885 shares of the fast-food giant’s stock valued at $939,332,000 after buying an additional 397,624 shares in the last quarter. AMF Pensionsforsakring AB raised its position in shares of Mcdonald’s by 123.7% in the 3rd quarter. AMF Pensionsforsakring AB now owns 680,489 shares of the fast-food giant’s stock valued at $146,108,000 after buying an additional 376,247 shares in the last quarter. Finally, Banco Santander S.A. raised its position in shares of Mcdonald’s by 158.1% in the 3rd quarter. Banco Santander S.A. now owns 491,813 shares of the fast-food giant’s stock valued at $105,598,000 after buying an additional 301,288 shares in the last quarter. 67.12% of the stock is owned by hedge funds and other institutional investors.

NYSE MCD traded down $0.33 on Friday, hitting $217.09. The company’s stock had a trading volume of 1,719,889 shares, compared to its average volume of 3,389,006. Mcdonald’s Corp has a 1-year low of $177.01 and a 1-year high of $221.93. The company’s 50-day moving average is $208.09 and its 200 day moving average is $206.46. The firm has a market cap of $163.77 billion, a PE ratio of 27.55, a PEG 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.01. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the prior year, the company posted $1.97 EPS. The company’s revenue was up 3.6% on a year-over-year basis. As a group, research analysts expect that Mcdonald’s Corp will post 8.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, February 28th. Mcdonald’s’s dividend payout ratio is currently 63.78%.

In other news, EVP Francesca A. Debiase sold 14,026 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $213.71, for a total value of $2,997,496.46. Following the sale, the executive vice president now directly owns 19,067 shares of the company’s stock, valued at approximately $4,074,808.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Daniel Henry sold 3,035 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $215.54, for a total transaction of $654,163.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,616 shares of company stock worth $4,198,430. Insiders own 0.25% of the company’s stock.

MCD has been the subject of a number of research analyst reports. Guggenheim upped their price objective on shares of Mcdonald’s from $237.00 to $239.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Piper Sandler reiterated a “hold” rating and set a $195.00 price objective on shares of Mcdonald’s in a research report on Thursday, January 30th. Royal Bank of Canada reiterated a “buy” rating and set a $235.00 price objective on shares of Mcdonald’s in a research report on Thursday, January 30th. Wells Fargo & Co upped their price objective on shares of Mcdonald’s from $234.00 to $236.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, SunTrust Banks reiterated a “buy” rating on shares of Mcdonald’s in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $226.82.

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

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