Congress Asset Management Co. MA lowered its position in McDonald's Co. (NYSE:MCD) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,330 shares of the fast-food giant’s stock after selling 10,081 shares during the period. Congress Asset Management Co. MA’s holdings in McDonald's were worth $1,090,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Horan Capital Advisors LLC. acquired a new position in shares of McDonald's during the 3rd quarter worth about $104,000. Phocas Financial Corp. acquired a new stake in McDonald's in the 2nd quarter valued at about $107,000. Tarbox Family Office Inc. lifted its stake in McDonald's by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after purchasing an additional 328 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 68.59% of the company’s stock.
In related news, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. equities analysts anticipate that McDonald's Co. will post 7.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.56%. McDonald's’s dividend payout ratio (DPR) is 55.88%.
Several brokerages recently issued reports on MCD. ValuEngine downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group set a $180.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. set a $182.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Monday. Barclays cut their target price on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $191.00 target price (up from $185.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $183.02.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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