Naples Global Advisors LLC raised its position in McDonald's Co. (NYSE:MCD) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,318 shares of the fast-food giant’s stock after buying an additional 1,390 shares during the period. Naples Global Advisors LLC’s holdings in McDonald's were worth $2,637,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in shares of McDonald's during the 2nd quarter valued at approximately $153,000. Beach Investment Management LLC. bought a new position in shares of McDonald's during the 2nd quarter valued at approximately $296,000. LMR Partners LLP bought a new position in shares of McDonald's during the 2nd quarter valued at approximately $2,199,000. Advisors Preferred LLC grew its position in shares of McDonald's by 0.5% during the 2nd quarter. Advisors Preferred LLC now owns 2,850 shares of the fast-food giant’s stock valued at $437,000 after acquiring an additional 14 shares during the period. Finally, WASHINGTON TRUST Co grew its position in shares of McDonald's by 5.9% during the 2nd quarter. WASHINGTON TRUST Co now owns 13,806 shares of the fast-food giant’s stock valued at $2,114,000 after acquiring an additional 770 shares during the period. Hedge funds and other institutional investors own 67.23% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of McDonald's from $167.00 to $176.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Deutsche Bank raised their price objective on shares of McDonald's to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Barclays cut their price objective on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. JPMorgan Chase & Co. set a $184.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $195.00 price objective (up from $180.00) on shares of McDonald's in a report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued 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.
McDonald's Co. (NYSE MCD) opened at $160.66 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market cap of $128,080.00, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 2.37 and a beta of 0.59. McDonald's Co. has a fifty-two week low of $126.58 and a fifty-two week high of $178.70.
McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The firm 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 217.17%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the company posted $1.44 EPS. equities research analysts anticipate that McDonald's Co. will post 7.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is currently 63.52%.
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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