Sandy Spring Bank grew its stake in Mcdonald’s Corp (NYSE:MCD) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,736 shares of the fast-food giant’s stock after buying an additional 560 shares during the period. Mcdonald’s accounts for 1.0% of Sandy Spring Bank’s investment portfolio, making the stock its 19th largest holding. Sandy Spring Bank’s holdings in Mcdonald’s were worth $14,175,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of MCD. Covenant Multifamily Offices LLC purchased a new position in Mcdonald’s during the 4th quarter worth $27,000. Litman Gregory Asset Management LLC raised its position in Mcdonald’s by 102.7% during the 4th quarter. Litman Gregory Asset Management LLC now owns 148 shares of the fast-food giant’s stock worth $29,000 after buying an additional 75 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new position in Mcdonald’s during the 3rd quarter worth $30,000. Prime Capital Investment Advisors LLC purchased a new position in Mcdonald’s during the 3rd quarter worth $30,000. Finally, Quantum Capital Management purchased a new position in Mcdonald’s during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 67.12% of the company’s stock.
A number of equities analysts have commented on MCD shares. UBS Group cut their price objective on shares of Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Piper Sandler restated a “hold” rating and set a $195.00 price objective on shares of Mcdonald’s in a research report on Thursday, January 30th. MKM Partners upped their price objective on shares of Mcdonald’s to and gave the stock a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, KeyCorp upped their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $226.82.
In related news, EVP Daniel Henry sold 3,035 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $215.54, for a total value of $654,163.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Catherine A. Hoovel sold 2,555 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $214.00, for a total transaction of $546,770.00. Following the completion of the sale, the vice president now directly owns 1,347 shares in the company, valued at $288,258. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,616 shares of company stock worth $4,198,430. 0.25% of the stock is owned by corporate insiders.
NYSE MCD traded down $0.33 during trading hours on Friday, reaching $217.09. The company’s stock had a trading volume of 1,718,519 shares, compared to its average volume of 3,444,645. The stock has a market cap of $163.77 billion, a PE ratio of 27.55, a PEG ratio of 2.82 and a beta of 0.43. Mcdonald’s Corp has a fifty-two week low of $173.41 and a fifty-two week high of $221.93. The company’s 50-day moving average is $208.09 and its two-hundred day moving average is $206.46.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, January 29th. The fast-food giant reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.01. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.97 EPS. As a group, equities research analysts forecast that Mcdonald’s Corp will post 8.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.30%. Mcdonald’s’s payout ratio is 63.78%.
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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