Greenwood Gearhart Inc. lessened its holdings in Mcdonald’s Corp (NYSE:MCD) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,468 shares of the fast-food giant’s stock after selling 951 shares during the quarter. Greenwood Gearhart Inc.’s holdings in Mcdonald’s were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its holdings in shares of Mcdonald’s by 5.5% during the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after acquiring an additional 1,014,792 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Mcdonald’s during the third quarter valued at approximately $253,000. BLB&B Advisors LLC raised its holdings in shares of Mcdonald’s by 118.7% during the third quarter. BLB&B Advisors LLC now owns 2,942 shares of the fast-food giant’s stock valued at $492,000 after acquiring an additional 1,597 shares during the last quarter. Broadleaf Partners LLC acquired a new position in shares of Mcdonald’s during the third quarter valued at approximately $206,000. Finally, Community Bank & Trust Waco Texas raised its holdings in shares of Mcdonald’s by 1.5% during the third quarter. Community Bank & Trust Waco Texas now owns 24,974 shares of the fast-food giant’s stock valued at $4,178,000 after acquiring an additional 380 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors.
NYSE:MCD opened at $174.75 on Monday. The firm has a market capitalization of $134.72 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.41 and a beta of 0.52. Mcdonald’s Corp has a 12-month low of $146.84 and a 12-month high of $190.88.
Mcdonald’s (NYSE:MCD) last released its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.07. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.16 billion. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. Mcdonald’s’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.71 earnings per share. As a group, research analysts anticipate that Mcdonald’s Corp will post 8.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 28th. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.
In other news, EVP David Ogden Fairhurst sold 76,411 shares of Mcdonald’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $178.25, for a total transaction of $13,620,260.75. Following the sale, the executive vice president now owns 12,110 shares in the company, valued at $2,158,607.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andrew J. Mckenna sold 30,000 shares of Mcdonald’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $180.27, for a total value of $5,408,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 128,447 shares of company stock valued at $23,015,775 over the last ninety days. 0.22% of the stock is owned by company insiders.
A number of brokerages have commented on MCD. Barclays set a $198.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Monday, November 19th. Morgan Stanley raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $173.00 to $210.00 in a report on Thursday, November 29th. Piper Jaffray Companies increased their target price on Mcdonald’s to $194.00 and gave the company an “overweight” rating in a report on Wednesday, November 28th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a report on Tuesday, December 4th. Finally, Cowen increased their target price on Mcdonald’s from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, November 9th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $192.35.
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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