JFS Wealth Advisors LLC increased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,082 shares of the fast-food giant’s stock after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC’s holdings in Mcdonald’s were worth $2,145,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Psagot Investment House Ltd. raised its position in Mcdonald’s by 83.7% in the 3rd quarter. Psagot Investment House Ltd. now owns 8,560 shares of the fast-food giant’s stock valued at $1,432,000 after purchasing an additional 3,900 shares in the last quarter. California Capital Advisors Inc. raised its position in Mcdonald’s by 37.7% in the 3rd quarter. California Capital Advisors Inc. now owns 23,470 shares of the fast-food giant’s stock valued at $3,926,000 after purchasing an additional 6,424 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in Mcdonald’s in the 3rd quarter valued at about $16,552,000. Cerebellum GP LLC raised its position in Mcdonald’s by 27.9% in the 4th quarter. Cerebellum GP LLC now owns 1,423 shares of the fast-food giant’s stock valued at $253,000 after purchasing an additional 310 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Mcdonald’s by 4.9% in the 3rd quarter. First Trust Advisors LP now owns 175,912 shares of the fast-food giant’s stock valued at $29,428,000 after purchasing an additional 8,236 shares in the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research report on Wednesday, December 5th. Robert W. Baird reiterated a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a report on Wednesday, October 24th. Morningstar set a $190.00 price objective on Mcdonald’s and gave the company a “neutral” rating in a report on Wednesday, October 24th. SunTrust Banks increased their price objective on 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 objective on Mcdonald’s to $194.00 and gave the company an “overweight” rating in a report on Wednesday, November 28th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Mcdonald’s has an average rating of “Buy” and an average price target of $192.35.
NYSE:MCD opened at $174.75 on Friday. The company has a market cap of $134.72 billion, a P/E ratio of 22.12, a PEG ratio of 2.42 and a beta of 0.52. Mcdonald’s Corp has a 52-week low of $146.84 and a 52-week high of $190.88.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. As a group, analysts expect that Mcdonald’s Corp will post 8.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a yield of 2.66%. Mcdonald’s’s dividend payout ratio is presently 58.73%.
In related news, VP Robert Lane Gibbs sold 22,036 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total transaction of $3,987,414.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Ogden Fairhurst sold 76,411 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $178.25, for a total value of $13,620,260.75. Following the transaction, the executive vice president now owns 12,110 shares in the company, valued at approximately $2,158,607.50. The disclosure for this sale can be found here. Insiders have sold a total of 128,447 shares of company stock worth $23,015,775 in the last 90 days. 0.22% 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, 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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