Strategic Wealth Advisors Group LLC increased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,683 shares of the fast-food giant’s stock after purchasing an additional 3,147 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Mcdonald’s were worth $3,502,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Krane Funds Advisors LLC acquired a new position in shares of Mcdonald’s in the second quarter valued at approximately $25,000. Litman Gregory Asset Management LLC bought a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $27,000. Atlas Capital Advisors LLC boosted its holdings in shares of Mcdonald’s by 330.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after buying an additional 109 shares in the last quarter. Garrett Wealth Advisory Group LLC bought a new position in shares of Mcdonald’s during the 3rd quarter worth approximately $30,000. Finally, Westside Investment Management Inc. bought a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $34,000. 67.91% of the stock is owned by institutional investors and hedge funds.
In related news, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the completion of the sale, the vice president now owns 1,348 shares of the company’s stock, valued at approximately $294,066.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski acquired 2,580 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of $193.81 per share, with a total value of $500,029.80. Following the acquisition, the chief executive officer now owns 2,580 shares in the company, valued at approximately $500,029.80. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.
MCD has been the topic of a number of research analyst reports. BTIG Research increased their price target on Mcdonald’s from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Barclays set a $230.00 target price on Mcdonald’s and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Co cut their target price on Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Sanford C. Bernstein reiterated a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Finally, Goldman Sachs Group began coverage on Mcdonald’s in a report on Monday, July 29th. They issued a “buy” rating and a $250.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $222.96.
Shares of Mcdonald’s stock traded up $0.31 during trading hours on Friday, hitting $193.39. 2,176,531 shares of the company’s stock traded hands, compared to its average volume of 5,627,168. Mcdonald’s Corp has a 12-month low of $169.04 and a 12-month high of $221.93. The stock has a market capitalization of $144.73 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 3.04 and a beta of 0.48. The company has a fifty day simple moving average of $205.06 and a 200-day simple moving average of $207.30.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.10). Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the prior year, the business earned $2.10 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Mcdonald’s Corp will post 7.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $5.00 annualized dividend and a yield of 2.59%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.
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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