Ledyard National Bank lifted its position in shares of McDonald's Co. (NYSE:MCD) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,973 shares of the fast-food giant’s stock after buying an additional 538 shares during the quarter. Ledyard National Bank’s holdings in McDonald's were worth $1,200,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MCD. Horan Capital Advisors LLC. acquired a new position in McDonald's in the 3rd quarter valued at about $104,000. Phocas Financial Corp. acquired a new position in McDonald's in the 2nd quarter valued at about $107,000. Tarbox Family Office Inc. raised its stake 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 purchasing an additional 328 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised 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 purchasing an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. raised 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 purchasing an additional 360 shares during the last quarter. 68.59% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on MCD. JPMorgan Chase & Co. set a $184.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, January 31st. BMO Capital Markets set a $190.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $170.00 target price on shares of McDonald's in a research note on Monday. Nomura reissued a “buy” rating and issued a $198.00 target price (up previously from $190.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Finally, Credit Suisse Group set a $191.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $183.02.
Shares of McDonald's Co. (NYSE:MCD) opened at $157.74 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04. McDonald's Co. has a fifty-two week low of $127.35 and a fifty-two week high of $178.70. The stock has a market capitalization of $124,926.86, a PE ratio of 23.57, a PEG ratio of 2.36 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, topping the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. research analysts expect that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is currently 63.52%.
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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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