Dixon Hubard Feinour & Brown Inc. VA grew its position in shares of Mcdonald’s Corp (NYSE:MCD) by 4.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,094 shares of the fast-food giant’s stock after buying an additional 297 shares during the quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Mcdonald’s were worth $1,347,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. D.A. Davidson & CO. boosted its position in shares of Mcdonald’s by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 99,980 shares of the fast-food giant’s stock worth $17,754,000 after acquiring an additional 1,924 shares in the last quarter. Perennial Advisors LLC boosted its position in shares of Mcdonald’s by 1.7% during the 4th quarter. Perennial Advisors LLC now owns 16,503 shares of the fast-food giant’s stock worth $2,931,000 after acquiring an additional 277 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Mcdonald’s during the 4th quarter worth about $219,000. Advisor Partners LLC boosted its position in shares of Mcdonald’s by 11.5% during the 4th quarter. Advisor Partners LLC now owns 24,566 shares of the fast-food giant’s stock worth $4,362,000 after acquiring an additional 2,540 shares in the last quarter. Finally, Allen Capital Group LLC acquired a new position in shares of Mcdonald’s during the 4th quarter worth about $208,000. 67.69% of the stock is currently owned by hedge funds and other institutional investors.
MCD opened at $205.29 on Monday. The company has a market cap of $156.75 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 2.87 and a beta of 0.50. Mcdonald’s Corp has a 52 week low of $153.13 and a 52 week high of $206.39.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.01). The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.79 earnings per share. As a group, equities research analysts predict that Mcdonald’s Corp will post 8.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, May 31st. Mcdonald’s’s dividend payout ratio is presently 58.73%.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Stephens boosted their target price on Mcdonald’s from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. SunTrust Banks boosted their target price on Mcdonald’s to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. UBS Group boosted their target price on Mcdonald’s from $185.00 to $203.00 and gave the company a “neutral” rating in a report on Tuesday, June 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $210.00 target price (up from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $205.36.
In other Mcdonald’s news, insider Christopher J. Kempczinski sold 38,729 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the completion of the sale, the insider now directly owns 11,658 shares of the company’s stock, valued at approximately $2,275,758.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 40,930 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $195.90, for a total value of $8,018,187.00. Following the sale, the chief financial officer now directly owns 42,647 shares of the company’s stock, valued at $8,354,547.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,449 shares of company stock valued at $20,458,931. 0.25% of the stock is owned by company insiders.
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Mcdonald’s Company Profile
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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