Berkeley Capital Partners LLC Has $583,000 Position in Mcdonald’s Corp (MCD)

Berkeley Capital Partners LLC increased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 25.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,281 shares of the fast-food giant’s stock after acquiring an additional 675 shares during the period. Berkeley Capital Partners LLC’s holdings in Mcdonald’s were worth $583,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Psagot Investment House Ltd. raised its stake in Mcdonald’s by 83.7% in the third quarter. Psagot Investment House Ltd. now owns 8,560 shares of the fast-food giant’s stock valued at $1,432,000 after buying an additional 3,900 shares during the period. California Capital Advisors Inc. raised its stake in Mcdonald’s by 37.7% in the third quarter. California Capital Advisors Inc. now owns 23,470 shares of the fast-food giant’s stock valued at $3,926,000 after buying an additional 6,424 shares during the period. Manning & Napier Group LLC raised its stake in Mcdonald’s by 5.8% in the fourth quarter. Manning & Napier Group LLC now owns 152,951 shares of the fast-food giant’s stock valued at $27,159,000 after buying an additional 8,368 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in shares of Mcdonald’s in the third quarter valued at approximately $16,552,000. Finally, Cerebellum GP LLC grew its position in shares of Mcdonald’s by 27.9% in the fourth quarter. Cerebellum GP LLC now owns 1,423 shares of the fast-food giant’s stock valued at $253,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

MCD has been the topic of several research reports. Gordon Haskett initiated coverage on Mcdonald’s in a research report on Thursday, October 18th. They issued a “buy” rating and a $185.00 target price on the stock. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $195.00 target price on shares of Mcdonald’s in a research report on Tuesday, October 23rd. Telsey Advisory Group upped their target price on Mcdonald’s from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, October 24th. SunTrust Banks upped their target price on Mcdonald’s to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. Finally, KeyCorp set a $195.00 price target on Mcdonald’s and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $192.35.

In other Mcdonald’s news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Ogden Fairhurst sold 76,411 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $178.25, for a total value of $13,620,260.75. Following the completion of the sale, the executive vice president now directly owns 12,110 shares in the company, valued at approximately $2,158,607.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,447 shares of company stock worth $23,015,775. Company insiders own 0.22% of the company’s stock.

Shares of MCD stock opened at $173.97 on Wednesday. The firm has a market capitalization of $134.34 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.41 and a beta of 0.52. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $190.88.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.07. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. Equities research analysts expect that Mcdonald’s Corp will post 8.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, February 28th. Mcdonald’s’s dividend payout ratio is presently 58.73%.

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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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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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