Landsberg Bennett & Dubbaneh LLC raised its position in Mcdonald’s Corp (NYSE:MCD) by 4.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 16,861 shares of the fast-food giant’s stock after acquiring an additional 665 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Mcdonald’s were worth $3,176,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Oregon Public Employees Retirement Fund increased its holdings in shares of Mcdonald’s by 16,975.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock worth $84,000 after acquiring an additional 14,910,259 shares during the last quarter. Norges Bank bought a new position in Mcdonald’s in the fourth quarter valued at about $1,326,793,000. FMR LLC raised its position in Mcdonald’s by 15.3% in the fourth quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock valued at $3,792,318,000 after purchasing an additional 2,831,716 shares during the last quarter. American International Group Inc. raised its position in Mcdonald’s by 719.4% in the fourth quarter. American International Group Inc. now owns 2,683,386 shares of the fast-food giant’s stock valued at $476,489,000 after purchasing an additional 2,355,895 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Mcdonald’s by 3,751.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,416,065 shares of the fast-food giant’s stock valued at $251,451,000 after purchasing an additional 1,379,300 shares during the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.
MCD stock traded up $0.80 during mid-day trading on Friday, hitting $205.29. 2,627,310 shares of the stock were exchanged, compared to its average volume of 3,229,538. Mcdonald’s Corp has a 12 month low of $153.13 and a 12 month high of $206.39. The firm has a market cap of $156.84 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.87 and a beta of 0.50.
Mcdonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $1.79 EPS. On average, equities analysts expect that Mcdonald’s Corp will post 8.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.26%. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.
In other Mcdonald’s news, CFO Kevin M. Ozan sold 40,930 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total value of $8,018,187.00. Following the completion of the sale, the chief financial officer now owns 42,647 shares in the company, valued at approximately $8,354,547.30. 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 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 a total of 104,449 shares of company stock worth $20,458,931 in the last quarter. Company insiders own 0.25% of the company’s stock.
Several equities analysts have commented on MCD shares. Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $180.00 to $200.00 in a research report on Tuesday, February 19th. Barclays increased their price target on Mcdonald’s from $208.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Bank of America raised their target price on Mcdonald’s from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Stifel Nicolaus raised their target price on Mcdonald’s from $190.00 to $200.00 and gave the stock an “average” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Mcdonald’s has an average rating of “Buy” and a consensus price target of $205.36.
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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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