HL Financial Services LLC raised its stake in Mcdonald’s Corp (NYSE:MCD) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,785 shares of the fast-food giant’s stock after buying an additional 2,542 shares during the period. HL Financial Services LLC’s holdings in Mcdonald’s were worth $18,074,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its position in shares of Mcdonald’s by 16,975.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock valued at $84,000 after buying an additional 14,910,259 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Mcdonald’s by 6,582,167.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock valued at $1,332,390,000 after buying an additional 7,964,423 shares during the last quarter. Jennison Associates LLC grew its position in shares of Mcdonald’s by 3.4% in the 4th quarter. Jennison Associates LLC now owns 4,452,089 shares of the fast-food giant’s stock valued at $790,557,000 after buying an additional 144,372 shares during the last quarter. Legal & General Group Plc grew its position in shares of Mcdonald’s by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 3,763,644 shares of the fast-food giant’s stock valued at $629,631,000 after buying an additional 37,786 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Mcdonald’s by 55.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,581,306 shares of the fast-food giant’s stock valued at $431,827,000 after buying an additional 917,442 shares during the last quarter. Hedge funds and other institutional investors own 67.39% of the company’s stock.
Shares of Mcdonald’s stock opened at $185.33 on Friday. The company has a market capitalization of $139.85 billion, a PE ratio of 23.46, a P/E/G ratio of 2.52 and a beta of 0.53. Mcdonald’s Corp has a 52 week low of $153.13 and a 52 week high of $190.88.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 earnings per share. As a group, equities research analysts predict that Mcdonald’s Corp will post 8.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, February 28th. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
A number of research firms have commented on MCD. Royal Bank of Canada set a $190.00 price target on Mcdonald’s and gave the company a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research lowered Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Wells Fargo & Co upped their target price on Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a research report on Friday, January 11th. Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $180.00 to $200.00 in a research report on Tuesday, February 19th. Finally, Jefferies Financial Group restated a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a research report on Tuesday, December 4th. Six research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $194.11.
In other news, VP Catherine A. Hoovel sold 1,328 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $175.95, for a total value of $233,661.60. Following the completion of the sale, the vice president now directly owns 2,499 shares of the company’s stock, valued at $439,699.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $180.27, for a total value of $5,408,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,775 shares of company stock valued at $23,249,437. Company insiders own 0.22% of the company’s stock.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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