Harbour Capital Advisors LLC reduced its position in shares of McDonald's Co. (NYSE:MCD) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,302 shares of the fast-food giant’s stock after selling 342 shares during the period. Harbour Capital Advisors LLC’s holdings in McDonald's were worth $740,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Tredje AP fonden boosted its stake in McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after purchasing an additional 25,380 shares in the last quarter. Beaton Management Co. Inc. acquired a new position in McDonald's in the second quarter worth $555,000. Buckingham Asset Management LLC raised its position in shares of McDonald's by 157.5% during the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after acquiring an additional 11,604 shares during the last quarter. Navellier & Associates Inc raised its position in shares of McDonald's by 47.7% during the second quarter. Navellier & Associates Inc now owns 25,400 shares of the fast-food giant’s stock worth $3,890,000 after acquiring an additional 8,200 shares during the last quarter. Finally, ProVise Management Group LLC raised its position in shares of McDonald's by 17.2% during the second quarter. ProVise Management Group LLC now owns 8,928 shares of the fast-food giant’s stock worth $1,367,000 after acquiring an additional 1,311 shares during the last quarter. Institutional investors and hedge funds own 68.59% of the company’s stock.
In other news, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
MCD has been the subject of a number of recent research reports. SunTrust Banks set a $187.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Robert W. Baird set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Nomura set a $190.00 price target on McDonald's and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $190.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. McDonald's currently has a consensus rating of “Buy” and a consensus price target of $183.02.
Shares of McDonald's Co. (NYSE:MCD) traded up $0.02 during trading hours on Wednesday, reaching $158.24. 3,849,088 shares of the company traded hands, compared to its average volume of 4,814,134. McDonald's Co. has a one year low of $127.47 and a one year high of $178.70. The stock has a market capitalization of $125,560.00, a price-to-earnings ratio of 21.86, a PEG ratio of 2.37 and a beta of 0.65. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.
McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. equities analysts predict that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.55%. McDonald's’s payout ratio is 55.88%.
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McDonald's Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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