Huntington National Bank Has $40.01 Million Stake in McDonald's Co. (MCD)

Huntington National Bank grew its stake in McDonald's Co. (NYSE:MCD) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 232,433 shares of the fast-food giant’s stock after purchasing an additional 4,018 shares during the quarter. Huntington National Bank’s holdings in McDonald's were worth $40,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Highland Private Wealth Management grew its holdings in shares of McDonald's by 0.3% in the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares in the last quarter. Risk Paradigm Group LLC grew its holdings in shares of McDonald's by 1.5% in the 2nd quarter. Risk Paradigm Group LLC now owns 1,518 shares of the fast-food giant’s stock valued at $232,000 after acquiring an additional 22 shares in the last quarter. Cim LLC grew its holdings in shares of McDonald's by 1.2% in the 2nd quarter. Cim LLC now owns 2,065 shares of the fast-food giant’s stock valued at $316,000 after acquiring an additional 25 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of McDonald's by 0.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,295 shares of the fast-food giant’s stock valued at $658,000 after acquiring an additional 37 shares in the last quarter. Finally, Southeast Asset Advisors Inc. grew its holdings in shares of McDonald's by 1.6% in the 2nd quarter. Southeast Asset Advisors Inc. now owns 2,480 shares of the fast-food giant’s stock valued at $380,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 68.51% of the company’s stock.

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Shares of MCD stock opened at $154.98 on Friday. McDonald's Co. has a 1-year low of $128.60 and a 1-year high of $178.70. The stock has a market capitalization of $124,767.95, a P/E ratio of 23.54, a PEG ratio of 2.37 and a beta of 0.65. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04.

McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. equities research analysts expect that McDonald's Co. will post 7.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a $1.01 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.61%. McDonald's’s payout ratio is 63.52%.

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

Several brokerages have recently weighed in on MCD. ValuEngine cut McDonald's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Goldman Sachs set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a report on Tuesday, December 12th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $182.00 price target on shares of McDonald's in a report on Monday, March 12th. Barclays reduced their price target on McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $191.00 price target (up previously from $185.00) on shares of McDonald's in a report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $182.55.

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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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