Everence Capital Management Inc. grew its position in McDonald's Co. (NYSE:MCD) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,452 shares of the fast-food giant’s stock after acquiring an additional 2,362 shares during the quarter. McDonald's comprises approximately 0.8% of Everence Capital Management Inc.’s portfolio, making the stock its 21st biggest position. Everence Capital Management Inc.’s holdings in McDonald's were worth $3,864,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Gator Capital Management LLC acquired a new stake in shares of McDonald's during the fourth quarter worth $964,000. Linscomb & Williams Inc. lifted its holdings in shares of McDonald's by 2.2% during the fourth quarter. Linscomb & Williams Inc. now owns 37,492 shares of the fast-food giant’s stock worth $6,453,000 after purchasing an additional 790 shares during the period. Van Cleef Asset Management Inc lifted its holdings in shares of McDonald's by 127.1% during the fourth quarter. Van Cleef Asset Management Inc now owns 5,619 shares of the fast-food giant’s stock worth $967,000 after purchasing an additional 3,145 shares during the period. Checchi Capital Advisers LLC lifted its holdings in shares of McDonald's by 11.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 10,542 shares of the fast-food giant’s stock worth $1,814,000 after purchasing an additional 1,120 shares during the period. Finally, Rockefeller Financial Services Inc. lifted its holdings in shares of McDonald's by 243.5% during the fourth quarter. Rockefeller Financial Services Inc. now owns 69,071 shares of the fast-food giant’s stock worth $11,889,000 after purchasing an additional 48,965 shares during the period. 68.51% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on MCD shares. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a report on Thursday, January 18th. Stifel Nicolaus set a $172.00 price target on McDonald's and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Piper Jaffray Companies increased their price target on McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Goldman Sachs set a $200.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $175.00 price objective (down previously from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $183.02.
In related news, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
McDonald's stock opened at $158.66 on Thursday. McDonald's Co. has a 52-week low of $128.41 and a 52-week high of $178.70. The firm has a market capitalization of $126,627.09, a price-to-earnings ratio of 23.90, a PEG ratio of 2.40 and a beta of 0.65. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.
McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. sell-side analysts forecast that McDonald's Co. will post 7.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, February 28th. McDonald's’s dividend payout ratio is presently 63.52%.
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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