Howland Capital Management LLC trimmed its position in shares of Mcdonald’s Corp (NYSE:MCD) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,691 shares of the fast-food giant’s stock after selling 63 shares during the period. Howland Capital Management LLC’s holdings in Mcdonald’s were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. PrairieView Partners LLC acquired a new stake in shares of Mcdonald’s in the first quarter valued at about $33,000. CVA Family Office LLC bought a new position in shares of Mcdonald’s in the first quarter valued at approximately $33,000. Lake Point Wealth Management raised its stake in shares of Mcdonald’s by 2,462.5% in the first quarter. Lake Point Wealth Management now owns 205 shares of the fast-food giant’s stock valued at $34,000 after acquiring an additional 197 shares during the last quarter. Stephenson National Bank & Trust bought a new position in shares of Mcdonald’s in the fourth quarter valued at approximately $40,000. Finally, Reitz Capital Advisors LLC bought a new position in Mcdonald’s in the 2nd quarter worth approximately $42,000. Institutional investors own 67.04% of the company’s stock.
MCD opened at $191.77 on Thursday. The stock’s 50 day moving average price is $187.74 and its 200 day moving average price is $190.46. The stock has a market cap of $141.81 billion, a P/E ratio of 25.13, a P/E/G ratio of 4.47 and a beta of 0.65. Mcdonald’s Corp has a 12 month low of $124.23 and a 12 month high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.12). Mcdonald’s had a negative return on equity of 70.25% and a net margin of 27.86%. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. Mcdonald’s’s revenue was down 6.2% on a year-over-year basis. As a group, equities analysts predict that Mcdonald’s Corp will post 5.81 EPS for the current fiscal year.
A number of research firms have commented on MCD. Cowen lifted their target price on shares of Mcdonald’s from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th. Morgan Stanley upped their target price on shares of Mcdonald’s from $189.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. SunTrust Banks boosted their price target on shares of Mcdonald’s from $195.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Royal Bank of Canada upped their target price on shares of Mcdonald’s from $201.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Longbow Research upped their target price on shares of Mcdonald’s from $197.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $209.82.
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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