Moors & Cabot Inc. trimmed its stake in Mcdonald’s Corp (NYSE:MCD) by 9.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,508 shares of the fast-food giant’s stock after selling 1,034 shares during the quarter. Moors & Cabot Inc.’s holdings in Mcdonald’s were worth $1,566,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Knuff & Co LLC bought a new position in shares of Mcdonald’s during the fourth quarter valued at $40,000. CBIZ Investment Advisory Services LLC bought a new position in shares of Mcdonald’s during the fourth quarter valued at $40,000. Stephenson National Bank & Trust bought a new position in shares of Mcdonald’s during the fourth quarter valued at $40,000. PrairieView Partners LLC bought a new position in shares of Mcdonald’s during the first quarter valued at $33,000. Finally, Covenant Multifamily Offices LLC purchased a new stake in Mcdonald’s during the fourth quarter valued at $27,000. 67.21% of the stock is currently owned by institutional investors and hedge funds.
NYSE:MCD opened at $187.41 on Tuesday. The firm has a market capitalization of $138.54 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 4.62 and a beta of 0.66. Mcdonald’s Corp has a 1 year low of $124.23 and a 1 year high of $221.93. The business has a 50 day simple moving average of $182.39 and a 200-day simple moving average of $192.04.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.12). Mcdonald’s had a net margin of 27.86% and a negative return on equity of 70.25%. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the business earned $1.78 earnings per share. Mcdonald’s’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts expect that Mcdonald’s Corp will post 5.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.67%. Mcdonald’s’s payout ratio is 63.78%.
A number of analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Mcdonald’s from $180.00 to $175.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Morgan Stanley upped their price objective on Mcdonald’s from $183.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. SunTrust Banks upped their price objective on Mcdonald’s from $189.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Tigress Financial upgraded Mcdonald’s from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, BTIG Research reduced their price target on Mcdonald’s from $240.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $208.21.
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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