Karpas Strategies LLC reduced its position in shares of McDonald's Co. (NYSE:MCD) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the fast-food giant’s stock after selling 750 shares during the period. Karpas Strategies LLC’s holdings in McDonald's were worth $602,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Vantage Financial Partners Ltd. Inc. bought a new position in McDonald's in the 2nd quarter worth approximately $322,000. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald's during the 3rd quarter worth approximately $104,000. Phocas Financial Corp. acquired a new stake in shares of McDonald's during the 2nd quarter worth approximately $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares in the last quarter. 68.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of McDonald's Co. (NYSE:MCD) traded up $0.02 during midday trading on Wednesday, hitting $158.24. The stock had a trading volume of 3,849,088 shares, compared to its average volume of 4,814,134. McDonald's Co. has a 12-month low of $127.47 and a 12-month high of $178.70. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82. The stock has a market cap of $125,560.00, a P/E ratio of 21.86, a PEG ratio of 2.37 and a beta of 0.65.
McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. research analysts expect that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.55%. McDonald's’s payout ratio is currently 55.88%.
MCD has been the topic of several recent analyst reports. ValuEngine lowered McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group upgraded McDonald's from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, December 5th. Barclays set a $193.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Friday, December 8th. Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies boosted their target price on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $183.02.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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