McDonald's Co. (MCD) Position Increased by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its stake in McDonald's Co. (NYSE:MCD) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,369 shares of the fast-food giant’s stock after acquiring an additional 1,671 shares during the period. Eagle Asset Management Inc. owned 0.07% of McDonald's worth $87,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in shares of McDonald's by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after purchasing an additional 4,313,253 shares during the period. FMR LLC raised its holdings in shares of McDonald's by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the period. Jennison Associates LLC raised its holdings in shares of McDonald's by 26.5% during the fourth quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock worth $1,518,138,000 after purchasing an additional 1,848,111 shares during the period. BlackRock Inc. raised its holdings in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. Finally, Capital Research Global Investors raised its holdings in shares of McDonald's by 15.0% during the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after purchasing an additional 1,572,074 shares during the period. 68.54% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider Douglas M. Goare sold 34,575 shares of the firm’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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s 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 transaction, 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. Company insiders own 0.24% of the company’s stock.

NYSE:MCD opened at $161.25 on Friday. McDonald's Co. has a twelve month low of $129.52 and a twelve month 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. The stock has a market cap of $130,257.93, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.64.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $5.22 billion. During the same quarter last year, the firm posted $1.44 EPS. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. equities research analysts expect that McDonald's Co. will post 7.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 annualized dividend and a dividend yield of 2.51%. McDonald's’s dividend payout ratio (DPR) is 60.66%.

A number of analysts have weighed in on the stock. Vetr cut shares of McDonald's from a “buy” rating to a “hold” rating and set a $165.99 target price on the stock. in a report on Tuesday, April 3rd. Zacks Investment Research cut shares of McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Royal Bank of Canada reissued an “outperform” rating and set a $170.00 target price on shares of McDonald's in a report on Monday, March 12th. Goldman Sachs restated a “buy” rating and set a $186.00 price target on shares of McDonald's in a research report on Friday, March 23rd. Finally, BMO Capital Markets restated a “buy” rating and set a $190.00 price target on shares of McDonald's in a research report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $183.00.

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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.

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

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