2,924 Shares in McDonald’s Corporation $MCD Bought by Dorato Capital Management

Dorato Capital Management bought a new position in McDonald’s Corporation (NYSE:MCDFree Report) in the fourth quarter, HoldingsChannel reports. The fund bought 2,924 shares of the fast-food giant’s stock, valued at approximately $901,000.

Several other large investors have also recently bought and sold shares of MCD. Earned Wealth Advisors LLC increased its position in McDonald’s by 4.2% in the 4th quarter. Earned Wealth Advisors LLC now owns 2,602 shares of the fast-food giant’s stock valued at $795,000 after acquiring an additional 106 shares during the period. Crew Capital Management Ltd raised its position in McDonald’s by 7.1% during the 4th quarter. Crew Capital Management Ltd now owns 1,502 shares of the fast-food giant’s stock worth $459,000 after purchasing an additional 100 shares during the last quarter. Piscataqua Savings Bank lifted its holdings in McDonald’s by 23.4% during the 4th quarter. Piscataqua Savings Bank now owns 4,459 shares of the fast-food giant’s stock worth $1,363,000 after buying an additional 845 shares during the period. Valicenti Advisory Services Inc. lifted its holdings in McDonald’s by 5.9% during the 4th quarter. Valicenti Advisory Services Inc. now owns 12,771 shares of the fast-food giant’s stock worth $3,903,000 after buying an additional 712 shares during the period. Finally, Ellsworth Advisors LLC grew its position in shares of McDonald’s by 18.2% in the 4th quarter. Ellsworth Advisors LLC now owns 4,782 shares of the fast-food giant’s stock valued at $1,476,000 after buying an additional 738 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.0%

MCD opened at $307.17 on Friday. The company has a fifty day moving average price of $321.88 and a two-hundred day moving average price of $311.47. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $341.75. The company has a market cap of $218.21 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, beating the consensus estimate of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the business posted $2.83 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a $1.86 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio is presently 62.26%.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on McDonald’s from $320.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Tigress Financial raised their price target on shares of McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, March 6th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $305.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Finally, Guggenheim cut their target price on McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $339.69.

View Our Latest Research Report on McDonald’s

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the completion of the sale, the executive vice president owned 2,291 shares in the company, valued at $763,567.39. The trade was a 73.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $328.34, for a total value of $862,220.84. Following the transaction, the insider directly owned 8,733 shares in the company, valued at $2,867,393.22. The trade was a 23.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 71,657 shares of company stock worth $23,722,204. 0.25% of the stock is currently owned by insiders.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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