American Century Companies Inc. decreased its holdings in shares of McDonald's Co. (NYSE:MCD) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 32,680 shares of the fast-food giant’s stock after selling 1,048 shares during the period. American Century Companies Inc.’s holdings in McDonald's were worth $5,625,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in MCD. Tredje AP fonden lifted its stake in McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares during the last quarter. Beaton Management Co. Inc. bought a new position in shares of McDonald's in the second quarter valued at about $555,000. Navellier & Associates Inc raised its position in shares of McDonald's by 47.7% in the second quarter. Navellier & Associates Inc now owns 25,400 shares of the fast-food giant’s stock valued at $3,890,000 after purchasing an additional 8,200 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of McDonald's by 0.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 808,477 shares of the fast-food giant’s stock valued at $126,673,000 after purchasing an additional 3,876 shares during the period. Finally, Providence First Trust Co bought a new position in shares of McDonald's in the second quarter valued at about $2,420,000. Hedge funds and other institutional investors own 68.51% of the company’s stock.
In other McDonald's 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 transaction of $5,999,799.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 $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 quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The firm had revenue of $5.34 billion for 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 201.76%. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. equities analysts predict that McDonald's Co. will post 7.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $1.01 per share. The ex-dividend date was Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.61%. McDonald's’s payout ratio is 63.52%.
Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of McDonald's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs set a $180.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research report on Tuesday, December 12th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $182.00 price objective on shares of McDonald's in a research report on Monday, March 12th. Barclays dropped their price objective on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $191.00 price objective (up from $185.00) on shares of McDonald's in a research report 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 stock. The company has an average rating of “Buy” and a consensus target price of $182.55.
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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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