Pathlight Investors LLC acquired a new position in shares of Mcdonald’s Corp (NYSE:MCD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,847 shares of the fast-food giant’s stock, valued at approximately $513,000.
Other large investors have also recently made changes to their positions in the company. New Capital Management LP grew its stake in Mcdonald’s by 33.1% in the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock valued at $39,000 after acquiring an additional 55 shares during the period. Ipswich Investment Management Co. Inc. boosted its position in shares of Mcdonald’s by 0.5% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 11,823 shares of the fast-food giant’s stock worth $2,099,000 after buying an additional 56 shares during the period. Moloney Securities Asset Management LLC boosted its position in shares of Mcdonald’s by 0.8% during the fourth quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock worth $1,357,000 after buying an additional 59 shares during the period. CMH Wealth Management LLC boosted its position in shares of Mcdonald’s by 0.5% during the fourth quarter. CMH Wealth Management LLC now owns 11,774 shares of the fast-food giant’s stock worth $2,091,000 after buying an additional 60 shares during the period. Finally, Douglas Lane & Associates LLC boosted its position in shares of Mcdonald’s by 2.2% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,780 shares of the fast-food giant’s stock worth $494,000 after buying an additional 60 shares during the period. 69.03% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on MCD shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $205.00 price objective on shares of Mcdonald’s in a research report on Wednesday, January 30th. Stephens raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $180.00 to $200.00 in a research report on Tuesday, February 19th. Robert W. Baird upped their price objective on Mcdonald’s from $196.00 to $205.00 in a research report on Monday, April 1st. Zacks Investment Research cut Mcdonald’s from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $210.00 target price (up previously 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-four have given a buy rating to the company. Mcdonald’s currently has an average rating of “Buy” and an average target price of $202.39.
In related news, insider Christopher J. Kempczinski sold 38,729 shares of the 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 sale, the insider now owns 11,658 shares of the company’s stock, valued at $2,275,758.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Insiders have sold 104,449 shares of company stock worth $20,458,931 in the last three months. 0.25% of the stock is currently owned by company insiders.
Shares of Mcdonald’s stock traded up $0.12 on Wednesday, hitting $199.96. The stock had a trading volume of 1,473,524 shares, compared to its average volume of 3,203,653. Mcdonald’s Corp has a twelve month low of $153.13 and a twelve month high of $201.15. The company has a market capitalization of $152.59 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.79 and a beta of 0.54.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.01). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. Mcdonald’s’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 EPS. Sell-side analysts predict that Mcdonald’s Corp will post 8.04 EPS for the current year.
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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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