Checchi Capital Advisers LLC Increases Holdings in McDonald's Co. (MCD)

Checchi Capital Advisers LLC grew its position in McDonald's Co. (NYSE:MCD) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,542 shares of the fast-food giant’s stock after buying an additional 1,120 shares during the period. Checchi Capital Advisers LLC’s holdings in McDonald's were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of McDonald's in the 2nd quarter worth approximately $322,000. Tarbox Family Office Inc. lifted its position in shares of McDonald's by 105.8% during the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after buying an additional 328 shares during the period. Horan Capital Management bought a new position in shares of McDonald's during the 4th quarter worth approximately $110,000. Horan Capital Advisors LLC. bought a new position in shares of McDonald's during the 3rd quarter worth approximately $104,000. Finally, Phocas Financial Corp. bought a new position in shares of McDonald's during the 2nd quarter worth approximately $107,000. Institutional investors own 68.51% of the company’s stock.

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Shares of McDonald's stock opened at $158.66 on Thursday. The company has a market capitalization of $126,333.11, a price-to-earnings ratio of 24.95, a PEG ratio of 2.40 and a beta of 0.65. McDonald's Co. has a 52 week low of $128.41 and a 52 week high of $178.70. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.

McDonald's (NYSE:MCD) last released 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 analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. sell-side analysts predict that McDonald's Co. will post 7.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $1.01 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.55%. McDonald's’s dividend payout ratio (DPR) is currently 63.52%.

In other news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

MCD has been the subject of several analyst reports. Royal Bank of Canada set a $190.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Thursday, December 21st. Goldman Sachs set a $200.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Friday, January 19th. Bank of America set a $200.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Monday, January 29th. Credit Suisse Group restated an “outperform” rating and set a $185.00 target price (up previously from $178.00) on shares of McDonald's in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. set a $186.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Friday, January 12th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. McDonald's has a consensus rating of “Buy” and an average target price of $183.02.

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About McDonald's

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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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