Burns J W & Co. Inc. NY reduced its position in McDonald's Co. (NYSE:MCD) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 40,594 shares of the fast-food giant’s stock after selling 685 shares during the period. McDonald's comprises approximately 1.8% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 13th largest holding. Burns J W & Co. Inc. NY’s holdings in McDonald's were worth $6,987,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of MCD. Vanguard Group Inc. boosted its stake in McDonald's by 1.6% during the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after acquiring an additional 906,303 shares in the last quarter. BlackRock Inc. boosted its stake in McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares in the last quarter. Capital World Investors boosted its stake in McDonald's by 2.8% during the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after acquiring an additional 606,232 shares in the last quarter. Capital Research Global Investors boosted its stake in McDonald's by 15.0% during the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after acquiring an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in McDonald's by 3.1% during the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after acquiring an additional 360,212 shares in the last quarter. 67.23% of the stock is currently owned by institutional investors.
In other news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. sell-side analysts expect that McDonald's Co. will post 7.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.47%. McDonald's’s dividend payout ratio is currently 47.64%.
Several research analysts recently issued reports on MCD shares. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Goldman Sachs Group set a $173.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Barclays cut their target price on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price on the stock in a research note on Thursday, January 18th. Finally, Royal Bank of Canada set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $184.95.
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McDonald's Company Profile
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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