WealthPLAN Partners LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 99.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,725 shares of the fast-food giant’s stock after purchasing an additional 2,860 shares during the quarter. WealthPLAN Partners LLC’s holdings in McDonald’s were worth $895,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MCD. Tarbox Family Office Inc. grew its position in shares of McDonald’s by 105.8% during the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after buying an additional 328 shares during the period. Front Row Advisors LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $651,000. Quantitative Systematic Strategies LLC grew its position in shares of McDonald’s by 285.6% during the 4th quarter. Quantitative Systematic Strategies LLC now owns 13,430 shares of the fast-food giant’s stock worth $2,312,000 after buying an additional 9,947 shares during the period. Highstreet Asset Management Inc. grew its position in shares of McDonald’s by 67.1% during the 4th quarter. Highstreet Asset Management Inc. now owns 94,891 shares of the fast-food giant’s stock worth $16,333,000 after buying an additional 38,120 shares during the period. Finally, BancorpSouth Bank acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $2,411,000. 67.26% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on MCD. Nomura upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $191.00 target price on the stock in a report on Thursday, June 7th. Citigroup increased their target price on McDonald’s from $176.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, June 14th. JPMorgan Chase & Co. set a $182.00 target price on McDonald’s and gave the stock a “buy” rating in a report on Tuesday, May 1st. Stifel Nicolaus increased their target price on McDonald’s from $165.00 to $168.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. Finally, BMO Capital Markets increased their target price on McDonald’s from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Tuesday, May 1st. Nine research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. McDonald’s currently has an average rating of “Buy” and a consensus price target of $183.70.
In other news, insider Douglas M. Goare sold 13,255 shares of McDonald’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $165.40, for a total transaction of $2,192,377.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin M. Ozan sold 18,636 shares of McDonald’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total value of $3,087,798.84. Following the sale, the executive vice president now owns 29,800 shares in the company, valued at $4,937,562. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
McDonald’s opened at $156.32 on Friday, according to MarketBeat. The firm has a market cap of $123.60 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.63. McDonald’s Co. has a one year low of $146.84 and a one year 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.
McDonald’s (NYSE:MCD) last released its earnings results on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.97 billion. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. 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 business posted $1.47 EPS. sell-side analysts forecast that McDonald’s Co. will post 7.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 18th. Stockholders of record on Monday, June 4th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, June 1st. McDonald’s’s payout ratio is 60.66%.
McDonald’s Company Profile
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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