Capital Advisors Inc. OK trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 49.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,486 shares of the fast-food giant’s stock after selling 3,383 shares during the period. Capital Advisors Inc. OK’s holdings in McDonald’s were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Horan Capital Advisors LLC. acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $104,000. Pinnacle Wealth Planning Services Inc. bought a new stake in McDonald’s during the 4th quarter worth approximately $109,000. Tarbox Family Office Inc. boosted its position in McDonald’s by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after buying an additional 328 shares during the last quarter. Horan Capital Management bought a new position in McDonald’s in the 4th quarter valued at $110,000. Finally, Certified Advisory Corp bought a new position in McDonald’s in the 4th quarter valued at $121,000. 67.39% of the stock is currently owned by hedge funds and other institutional investors.
In other McDonald’s news, insider Douglas M. Goare sold 13,255 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin M. Ozan sold 18,636 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the completion of the transaction, the executive vice president now owns 29,800 shares of the company’s stock, valued at $4,937,562. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
Shares of MCD traded up $0.47 during trading hours on Thursday, reaching $167.05. 2,289,838 shares of the company traded hands, compared to its average volume of 4,346,371. McDonald’s Co. has a 12 month low of $146.84 and a 12 month high of $178.70. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54. The firm has a market capitalization of $130.72 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 2.45 and a beta of 0.63.
McDonald’s (NYSE:MCD) last issued its earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.12. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.97 billion. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.47 earnings per share. research analysts forecast that McDonald’s Co. will post 7.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Monday, June 4th will be issued a dividend of $1.01 per share. The ex-dividend date is Friday, June 1st. This represents a $4.04 annualized dividend and a dividend yield of 2.42%. McDonald’s’s payout ratio is 60.66%.
Several research analysts have recently issued reports on the company. Citigroup raised their price target on McDonald’s from $176.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday. Nomura raised McDonald’s from a “neutral” rating to a “buy” rating and set a $191.00 price target on the stock in a research note on Thursday, June 7th. Royal Bank of Canada reissued a “buy” rating and issued a $175.00 price target on shares of McDonald’s in a research note on Friday, May 25th. ValuEngine downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Goldman Sachs Group set a $185.00 price objective on McDonald’s and gave the stock a “buy” rating in a report on Tuesday, May 8th. Nine analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $183.70.
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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