Cozad Asset Management Inc. boosted its holdings in Mcdonald’s Corp (NYSE:MCD) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,398 shares of the fast-food giant’s stock after purchasing an additional 355 shares during the period. Cozad Asset Management Inc.’s holdings in Mcdonald’s were worth $1,314,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of MCD. United Bank lifted its holdings in Mcdonald’s by 6.0% during the 2nd quarter. United Bank now owns 10,626 shares of the fast-food giant’s stock worth $1,665,000 after buying an additional 604 shares during the last quarter. FMR LLC lifted its holdings in Mcdonald’s by 5.5% during the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock worth $3,052,941,000 after buying an additional 1,014,792 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Mcdonald’s by 28.5% during the 2nd quarter. Macquarie Group Ltd. now owns 12,626 shares of the fast-food giant’s stock worth $1,978,000 after buying an additional 2,800 shares during the last quarter. Baldwin Investment Management LLC bought a new position in Mcdonald’s during the 2nd quarter worth approximately $299,000. Finally, grace capital bought a new position in Mcdonald’s during the 2nd quarter worth approximately $197,000. 67.16% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Francesca A. Debiase sold 15,136 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total value of $2,666,509.12. Following the sale, the executive vice president now directly owns 17,306 shares in the company, valued at approximately $3,048,798.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the sale, the chief executive officer now owns 48,925 shares in the company, valued at $8,592,697.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,041 shares of company stock worth $38,839,407. 0.22% of the stock is owned by insiders.
MCD traded down $1.12 during trading hours on Monday, hitting $181.25. The company’s stock had a trading volume of 63,404 shares, compared to its average volume of 2,905,592. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $190.88. The stock has a market cap of $138.99 billion, a P/E ratio of 27.21, a P/E/G ratio of 2.48 and a beta of 0.59.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the firm earned $1.76 EPS. The firm’s revenue was down 6.7% compared to the same quarter last year. As a group, equities analysts predict that Mcdonald’s Corp will post 7.76 EPS for the current fiscal year.
A number of research analysts have commented on the company. Zacks Investment Research raised Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Wednesday, December 5th. Wells Fargo & Co increased their target price on Mcdonald’s from $202.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird reaffirmed a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a report on Wednesday, October 24th. Morningstar set a $190.00 price target on Mcdonald’s and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Finally, SunTrust Banks increased their price target on Mcdonald’s to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Seven investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $191.76.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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