Northwest Bancshares Inc. reduced its position in Mcdonald’s Corp (NYSE:MCD) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,295 shares of the fast-food giant’s stock after selling 100 shares during the quarter. Northwest Bancshares Inc.’s holdings in Mcdonald’s were worth $436,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Ruggie Capital Group lifted its holdings in Mcdonald’s by 3,020.0% in the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 151 shares during the period. Gantzert Investment Co. LLC ADV acquired a new stake in Mcdonald’s in the fourth quarter valued at $31,000. Aspire Private Capital LLC acquired a new stake in Mcdonald’s in the fourth quarter valued at $32,000. Focused Wealth Management Inc lifted its holdings in Mcdonald’s by 4,500.0% in the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock valued at $33,000 after acquiring an additional 180 shares during the period. Finally, Canton Hathaway LLC acquired a new stake in Mcdonald’s in the first quarter valued at $35,000. 67.76% of the stock is owned by institutional investors and hedge funds.
Mcdonald’s stock opened at $203.26 on Wednesday. The stock has a market cap of $156.90 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.88 and a beta of 0.50. Mcdonald’s Corp has a 52 week low of $153.13 and a 52 week high of $206.39.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 EPS. As a group, analysts expect that Mcdonald’s Corp will post 8.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, May 31st. Mcdonald’s’s dividend payout ratio is presently 58.73%.
MCD has been the subject of a number of recent analyst reports. Stephens raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $180.00 to $200.00 in a report on Tuesday, February 19th. Wells Fargo & Co raised their target price on Mcdonald’s from $203.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Mizuho raised their target price on Mcdonald’s from $204.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays raised their target price on Mcdonald’s from $208.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $203.65.
In related news, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin M. Ozan sold 40,930 shares of Mcdonald’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total value of $8,018,187.00. Following the sale, the chief financial officer now owns 42,647 shares of the company’s stock, valued at approximately $8,354,547.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,449 shares of company stock valued at $20,458,931. 0.25% of the stock is currently owned by company insiders.
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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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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