Benedict Financial Advisors Inc. trimmed its position in shares of McDonald's Co. (NYSE:MCD) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,694 shares of the fast-food giant’s stock after selling 2,176 shares during the period. McDonald's accounts for 2.5% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 7th largest holding. Benedict Financial Advisors Inc.’s holdings in McDonald's were worth $5,283,000 at the end of the most recent quarter.
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 during the 2nd quarter valued at $322,000. Tarbox Family Office Inc. raised 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 valued at $110,000 after purchasing an additional 328 shares during the period. Horan Capital Management bought a new stake in shares of McDonald's during the 4th quarter valued at $110,000. Horan Capital Advisors LLC. bought a new stake in shares of McDonald's during the 3rd quarter valued at $104,000. Finally, Phocas Financial Corp. bought a new stake in McDonald's in the 2nd quarter valued at $107,000. Hedge funds and other institutional investors own 68.51% of the company’s stock.
In related news, insider Douglas M. Goare sold 34,575 shares of McDonald's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now directly 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.
McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping 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 firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the company earned $1.44 EPS. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. analysts predict that McDonald's Co. will post 7.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.61%. McDonald's’s dividend payout ratio is presently 63.52%.
A number of analysts have issued reports on the stock. Bank of America set a $200.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Monday, January 29th. Nomura reiterated a “buy” rating and issued a $198.00 price target (up from $190.00) on shares of McDonald's in a report on Tuesday, January 23rd. Credit Suisse Group reiterated an “outperform” rating and issued a $191.00 price target (up from $185.00) on shares of McDonald's in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a report on Thursday, January 18th. Finally, Goldman Sachs set a $200.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Friday, January 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. McDonald's presently has a consensus rating of “Buy” and a consensus target price of $182.55.
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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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