WealthPLAN Partners LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,371 shares of the fast-food giant’s stock after purchasing an additional 5,303 shares during the quarter. McDonald’s accounts for approximately 1.0% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 25th biggest position. WealthPLAN Partners LLC’s holdings in McDonald’s were worth $12,318,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Sontag Advisory LLC boosted its holdings in shares of McDonald’s by 11.8% in the 3rd quarter. Sontag Advisory LLC now owns 5,262 shares of the fast-food giant’s stock valued at $1,155,000 after purchasing an additional 555 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of McDonald’s by 4.7% during the 4th quarter. JFS Wealth Advisors LLC now owns 9,896 shares of the fast-food giant’s stock valued at $2,124,000 after acquiring an additional 445 shares in the last quarter. Great Diamond Partners LLC boosted its holdings in shares of McDonald’s by 5.6% during the 4th quarter. Great Diamond Partners LLC now owns 12,322 shares of the fast-food giant’s stock valued at $2,641,000 after acquiring an additional 653 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in shares of McDonald’s by 1.5% during the 4th quarter. Everett Harris & Co. CA now owns 416,602 shares of the fast-food giant’s stock valued at $89,394,000 after acquiring an additional 6,166 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of McDonald’s during the 4th quarter valued at $2,467,000. 66.25% of the stock is currently owned by hedge funds and other institutional investors.
MCD stock traded up $0.03 during midday trading on Tuesday, reaching $212.09. 83,362 shares of the company’s stock traded hands, compared to its average volume of 3,145,444. The company has a 50-day moving average price of $212.05 and a two-hundred day moving average price of $215.01. McDonald’s Co. has a 52 week low of $124.23 and a 52 week high of $231.91. The firm has a market capitalization of $158.03 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58.
McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.07). McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the firm earned $1.97 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Co. will post 6.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 1st will be issued a dividend of $1.29 per share. The ex-dividend date is Friday, February 26th. This represents a $5.16 dividend on an annualized basis and a yield of 2.43%. McDonald’s’s payout ratio is 65.82%.
Several equities research analysts recently weighed in on MCD shares. Piper Sandler cut their price objective on McDonald’s from $225.00 to $209.00 and set a “neutral” rating on the stock in a report on Wednesday, December 2nd. KeyCorp raised their price objective on McDonald’s from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, November 10th. UBS Group raised McDonald’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $230.00 to $240.00 in a research report on Monday, December 14th. Stephens raised their target price on McDonald’s from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 7th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on McDonald’s in a research report on Monday, January 4th. They set a “neutral” rating and a $230.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. McDonald’s presently has a consensus rating of “Buy” and a consensus price target of $232.07.
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 and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.
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