Ironwood Investment Counsel LLC raised its holdings in McDonald's Co. (NYSE:MCD) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,284 shares of the fast-food giant’s stock after purchasing an additional 483 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in McDonald's were worth $1,942,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Horan Capital Advisors LLC. acquired a new position in shares of McDonald's in the third quarter worth about $104,000. Phocas Financial Corp. acquired a new position in shares of McDonald's in the second quarter worth about $107,000. Tarbox Family Office Inc. raised its position in shares of McDonald's by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after acquiring an additional 328 shares during the period. Horan Capital Management acquired a new position in shares of McDonald's in the fourth quarter worth about $110,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after acquiring an additional 570 shares during the period. 68.51% of the stock is currently owned by institutional investors.
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 value of $5,999,799.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated 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 approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Zacks’ 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 201.76%. McDonald's’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. equities research analysts expect that McDonald's Co. will post 7.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $1.01 dividend. 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%.
MCD has been the subject of a number of analyst reports. Jefferies Group upgraded shares of McDonald's from a “hold” rating to a “buy” rating and upped their price objective for the stock from $150.00 to $200.00 in a research report on Tuesday, December 5th. Citigroup upped their price objective on shares of McDonald's from $167.00 to $176.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Barclays decreased their price objective on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Goldman Sachs set a $180.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research report on Thursday, January 18th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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