Private Capital Group LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 70.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,297 shares of the fast-food giant’s stock after buying an additional 1,361 shares during the quarter. Private Capital Group LLC’s holdings in McDonald’s were worth $516,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Jennison Associates LLC lifted its holdings in McDonald’s by 26.5% during the 4th quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock worth $1,518,138,000 after buying an additional 1,848,111 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in shares of McDonald’s by 103.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock worth $319,509,000 after acquiring an additional 1,040,636 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of McDonald’s by 243.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,006,737 shares of the fast-food giant’s stock worth $173,280,000 after acquiring an additional 713,437 shares in the last quarter. APG Asset Management N.V. raised its position in shares of McDonald’s by 22.3% in the 4th quarter. APG Asset Management N.V. now owns 3,709,322 shares of the fast-food giant’s stock worth $531,686,000 after acquiring an additional 675,700 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of McDonald’s by 44.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,920,853 shares of the fast-food giant’s stock worth $330,616,000 after acquiring an additional 594,665 shares in the last quarter. 67.26% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on MCD shares. Goldman Sachs Group reissued a “buy” rating and issued a $186.00 price objective on shares of McDonald’s in a research report on Friday, March 23rd. BMO Capital Markets reissued a “buy” rating and issued a $190.00 price objective on shares of McDonald’s in a research report on Monday, March 12th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $182.00 price objective on shares of McDonald’s in a research report on Monday, March 12th. Piper Jaffray Companies set a $185.00 price objective on McDonald’s and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Finally, Vetr raised McDonald’s from a “hold” rating to a “buy” rating and set a $177.90 price objective for the company in a research report on Tuesday, April 10th. Nine research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. McDonald’s currently has an average rating of “Buy” and an average price target of $184.00.
Shares of McDonald’s opened at $156.69 on Friday, Marketbeat.com reports. McDonald’s Co. has a one year low of $146.84 and a one year high of $178.70. The stock has a market capitalization of $122.74 billion, a P/E ratio of 23.53, a PEG ratio of 2.30 and a beta of 0.63. The company has a debt-to-equity ratio of -6.54, a current ratio of 1.74 and a quick ratio of 1.72.
McDonald’s (NYSE:MCD) last issued its earnings results on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the company posted $1.47 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. analysts expect that McDonald’s Co. will post 7.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 18th. Shareholders of record on Monday, June 4th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, June 1st. This represents a $4.04 dividend on an annualized basis and a yield of 2.58%. McDonald’s’s dividend payout ratio (DPR) is currently 60.66%.
In other McDonald’s news, EVP Kevin M. Ozan sold 18,636 shares of McDonald’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the completion of the transaction, the executive vice president now owns 29,800 shares in the company, valued at approximately $4,937,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas M. Goare sold 13,255 shares of McDonald’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.
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, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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