Braun Stacey Associates Inc. boosted its stake in shares of McDonald's Co. (NYSE:MCD) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,537 shares of the fast-food giant’s stock after purchasing an additional 875 shares during the quarter. Braun Stacey Associates Inc.’s holdings in McDonald's were worth $2,846,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Horan Capital Advisors LLC. bought a new stake in McDonald's during the third quarter worth approximately $104,000. Phocas Financial Corp. acquired a new position in shares of McDonald's during the second quarter worth approximately $107,000. Tarbox Family Office Inc. lifted its holdings in shares of McDonald's by 105.8% during the fourth 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 last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of McDonald's by 219.2% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after buying an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in shares of McDonald's by 75.0% during the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares during the last quarter. 68.59% of the stock is owned by hedge funds and other institutional investors.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction on 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 directly owns 1,398 shares in the company, valued at $238,414.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Shares of McDonald's Co. (NYSE:MCD) opened at $157.74 on Tuesday. McDonald's Co. has a 1 year low of $127.35 and a 1 year high of $178.70. The firm has a market capitalization of $125,320.00, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.36 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 announced its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The business’s revenue was down 11.4% compared to the same quarter last year. equities research analysts anticipate that McDonald's Co. will post 7.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is 55.88%.
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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