Fosun International Ltd increased its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 49.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,550 shares of the fast-food giant’s stock after buying an additional 1,500 shares during the period. Fosun International Ltd’s holdings in Mcdonald’s were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. HC Financial Advisors Inc. boosted its holdings in shares of Mcdonald’s by 4.9% during the 3rd quarter. HC Financial Advisors Inc. now owns 10,669 shares of the fast-food giant’s stock worth $1,785,000 after buying an additional 499 shares during the period. Truvestments Capital LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter worth $122,000. First Command Financial Services Inc. boosted its holdings in shares of Mcdonald’s by 30.1% during the 3rd quarter. First Command Financial Services Inc. now owns 2,161 shares of the fast-food giant’s stock worth $361,000 after buying an additional 500 shares during the period. NuWave Investment Management LLC boosted its holdings in shares of Mcdonald’s by 2,485.2% during the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after buying an additional 671 shares during the period. Finally, Schmidt P J Investment Management Inc. boosted its holdings in shares of Mcdonald’s by 2.2% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 42,631 shares of the fast-food giant’s stock worth $7,132,000 after buying an additional 925 shares during the period. 66.86% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $180.27, for a total value of $5,408,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Lane Gibbs sold 22,036 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $180.95, for a total transaction of $3,987,414.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,775 shares of company stock valued at $23,249,437. Corporate insiders own 0.22% of the company’s stock.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a report on Wednesday, December 5th. Robert W. Baird reissued a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a report on Wednesday, October 24th. Morningstar set a $190.00 price target on shares of Mcdonald’s and gave the company a “neutral” rating in a report on Wednesday, October 24th. SunTrust Banks increased their price target on shares of Mcdonald’s to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Piper Jaffray Companies increased their price target on shares of Mcdonald’s to $194.00 and gave the company an “overweight” rating in a report on Wednesday, November 28th. Six equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $193.43.
Shares of MCD stock opened at $180.49 on Thursday. Mcdonald’s Corp has a 52-week low of $146.84 and a 52-week high of $190.88. The firm has a market capitalization of $138.19 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.48 and a beta of 0.52.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the prior year, the company posted $1.71 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Sell-side analysts forecast that Mcdonald’s Corp will post 8.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, February 28th. Mcdonald’s’s dividend payout ratio is 58.73%.
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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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