Focused Investors LLC decreased its position in Mcdonald’s Corp (NYSE:MCD) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700,300 shares of the fast-food giant’s stock after selling 29,900 shares during the period. Mcdonald’s accounts for approximately 5.7% of Focused Investors LLC’s investment portfolio, making the stock its 4th largest position. Focused Investors LLC owned 0.09% of Mcdonald’s worth $124,352,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Highwater Wealth Management LLC bought a new stake in shares of Mcdonald’s during the fourth quarter valued at approximately $38,000. Strategic Wealth Partners Ltd. grew its stake in shares of Mcdonald’s by 47.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock valued at $38,000 after buying an additional 67 shares during the period. New Capital Management LP boosted its position in shares of Mcdonald’s by 33.1% during the 4th quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock worth $39,000 after purchasing an additional 55 shares during the period. Tower View Investment Management & Research LLC boosted its position in Mcdonald’s by 20.6% in the 4th quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock valued at $67,000 after buying an additional 64 shares during the period. Finally, NuWave Investment Management LLC raised its holdings in shares of Mcdonald’s by 2,485.2% in the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 671 shares in the last quarter. 67.21% of the stock is owned by hedge funds and other institutional investors.
Shares of MCD opened at $177.57 on Wednesday. Mcdonald’s Corp has a 52-week low of $146.84 and a 52-week high of $190.88. The stock has a market capitalization of $136.88 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.45 and a beta of 0.52.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the company posted $1.71 earnings per share. Mcdonald’s’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities analysts forecast that Mcdonald’s Corp will post 8.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, February 28th. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.
Several equities analysts recently commented on MCD shares. Barclays set a $198.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Monday, November 19th. Morgan Stanley upgraded shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $173.00 to $210.00 in a research report on Thursday, November 29th. Piper Jaffray Companies raised their price objective on shares of Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, November 28th. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a research note on Tuesday, December 4th. Finally, Cowen lifted their price objective on Mcdonald’s from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, November 9th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $192.35.
In related news, VP Robert Lane Gibbs sold 22,036 shares of the stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $180.95, for a total transaction of $3,987,414.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $180.27, for a total value of $5,408,100.00. The disclosure for this sale can be found here. 0.22% of the stock is currently 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, 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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